Smugglers used “water mules” to move high-tariff wine and spirits across the Macau border as trade policies widened price gaps. Read More
Hennessy
Chinese authorities say smugglers used “parallel traders” to funnel premium spirits and cigars from Macau into the mainland, evading more than RMB 3.16 million in taxes amid widening cross-border price gaps. Read More
In Taiwan, a licensed liquor merchant and his associates stand accused of bottling bootleg spirits in recycled Hennessy and Dalmore bottles — and selling them as the real thing. For a year, no one noticed. 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
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
This price hike marked its first price adjustment in China since the government imposed anti-dumping measures on European brandy imports earlier this year. Read More
China’s Ministry of Commerce announced on Monday it will impose anti-dumping deposits ranging from 30.6% to 39.0% on brandy imported from the European Union, starting from October 11. Read More
Leading French alcohol industry associations have voiced strong protest over the "unjustifiable" duties on EU brandies and urged European and French authorities to resolve the issue within two months. Read More