Imports are down, but Malaysia’s wine scene is buzzing. Despite a steep drop in shipments and a majority-Muslim population, Bordeaux Liquid Gold sees demand surging — fuelled by tourism, a tilt toward premium wines, and an unexpected boom in white wine. Read More
luxury
The drop was driven largely by a 17% fall in Cognac and other spirits, while Champagne and still wines slipped just 1%. Read More
Set for Sept. 29 this year, the Mid Autumn Festival typically drives significant wine demand through gifts and banquets. However, importers across China’s major wine-consuming regions who talked to us are reporting a more subdued market, even though some categories are defying the broader downturn. Read More
Auction house Christie’s has announced it will be relocating its Asia Pacific headquarters to The Henderson, a modern architectural feat in Central Hong Kong, designed by the renowned Zaha Hadid Architects this September. Read More
Singapore Police Force has busted one of the country’s biggest money laundering cases involving about US$750 million worth of properties, luxury watches, bags as well as expensive wines and whiskies. Read More
LVMH's wines and spirits business tumbled in H1, affected by economic headwinds and elevated retailer inventory levels in both the US and China. Read More
Latin American wine giant Viña Concha y Toro is making a strategic move by focusing its attention on the flourishing luxury market in Asia. Read More
Prior to the pandemic, Chinese tourists were the largest source of tourism revenue globally. Read More
After removing tariffs, Hainan, China’s biggest duty-free market, is planning to remove VAT and excise tax for imported wine and spirits in a bold move to boost its attractiveness for tourists. Read More
The world's biggest luxury group LVMH has suspended its business in Russia following Russia's invasion of Ukraine, citing operational challenges and concerns about staff safety. Read More