China's biggest wine and spirits fair reportedly has set new dates after it was twice rescheduled, but lack of international visitors still undermines its reach. Read More
Covid
The world's biggest luxury group LVMH has reported strong growth in the first quarter of 2022 but its wine and spirits business was hampered by global supply constraints. Read More
China's intense lockdown and curbs have shown immediate effects on the country's lucrative wine market, especially in three of the affluent cities in Shanghai, Shenzhen and Dongguan that are engines for the country’s wine consumption, as the country holds on tight to its ‘zero-Covid policy’. Read More
Pernod Ricard, one of the biggest spirits companies in the world, is temporarily relocating its executives outside of Hong Kong, as the city clings onto its self isolation in face of record-breaking Covid cases. Read More
China’s wine imports failed to recover in 2021 and has hit a historical low, continuing a worrying downward trend as the latest customs data has shown, with both volume and value contracting during the 12 months. Read More
ProWine China 2020 drew higher trade visitor numbers despite Covid-19 and international travel restrictions. Read More
Despite successfully containing the coronavirus spread within mainland China, China’s wine consumption has yet to bounce back to pre-covid level. Read More
Hong Kong listed company Madison offers grim warning of market outlook as it reports a 65.6% drop in Q2 revenue. Read More