Several investment banks have downgraded their target prices for TWE following the news of its withdrawl of profit guideline. Read More
China
Vino Joy News uncovers the identity behind California’s latest wine world intrigue — and why a biotech magnate is swapping peptides for Pinot in Napa and Sonoma. Read More
Australian wine giant Treasury Wine Estates (TWE) has cut its earnings forecast for its flagship brand Penfolds for the first time this year, citing a slowdown in China as the biggest drag on growth. Read More
Russia’s pint of choice is changing fast. With EU beers priced out by hiked tariffs, Chinese beer exports doubled in August alone, making Russia China’s No. 1 beer market for the first time. Read More
The surge in white wine consumption in China has not only benefited traditional white wine-producing countries such as New Zealand and Germany but has also prompted some brands long associated with red wine to pivot. Read More
China’s wine drinkers are getting younger, more adventurous, and more diverse — and they’re pushing white wines to 39% of EMW’s sales. CEO Oscar Nagore shares with us how instant retail, BYOB culture, and new consumer habits are reshaping the future of wine. Read More
Officials are trying something unusual to warm things up: paying people to throw banquets - the latest attempt to revive an ailing food-and-beverage industry battered by the policy’s spillover effects. Read More
Hundreds of freight trains were held up at the Brest crossing, including containers of European wine destined for China, with backlogs expected to take at least a week to clear even after traffic resumes. We talked to Hillebrand Gori and wine merchants to unpack the impacts. Read More
China National Association for Liquor and Spirits Circulation has released its first gauge on market confidence, while traditional brick and motar stores suffer, online and instant retail are booming. Read More
The first New Zealand wine to hold both Chinese and New Zealand organic certifications has officially launched in China, marking a milestone for the country’s wine trade under the China–New Zealand organic equivalence agreement. Read More