Over the course of a single year, China’s brandy import value fell by more than US$500 million, while whisky import volume rose by more than 6.65 million litres — equivalent to nearly nine million additional 750-ml bottles. Read More
Cognac
Smugglers used “water mules” to move high-tariff wine and spirits across the Macau border as trade policies widened price gaps. Read More
LVMH’s Wines & Spirits division recorded the sharpest decline in recurring operating profit among all its business units in the first half of 2025, as cognac sales slumped in key markets despite a modest rebound in champagne and still wine. Read More
Moët Hennessy has named a seasoned Asia hand in Hong Kong to revive its North Asia business amid slumping Cognac sales and 1,200 job cuts.
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A total of 34 listed companies — including leading brands such as Rémy Martin, Hennessy, and Martell — will be exempt from anti-dumping tariffs as long as they sell their products in China at or above agreed minimum prices. Read More
Changyu, China’s largest wine producer, is selling its French Cognac estate and related property for 4.8 million euros (about US$5.2 million) as part of ongoing efforts to offload underperforming assets and shore up its finances. Read More
China and French brandy producers have reached a preliminary agreement on pricing, a key development in Beijing’s anti-dumping investigation into European brandy imports that signals easing tensions between the two sides. Read More
LVMH will cut 1,200 jobs—about 12% of its global workforce—at its wine and spirits division Moët Hennessy. This follows similar move by Remy Martin. Read More
The drop was driven largely by a 17% fall in Cognac and other spirits, while Champagne and still wines slipped just 1%. Read More
China’s largest duty-free operator has allegedly removed cognac products from top producers, including Martell, Hennessy, and Rémy Cointreau, in what appears to be an escalation of trade tensions between Beijing and Brussels. Read More