China's Commerce Minister Wang Wentao said the country's anti-dumping investigation into European Union brandy isn't targeting any specific member state, though France is by the biggest brandy producer and exporter to China. Read More
LVMH
China has officially launched an anti-dumping probe into EU-produced brandy, dealing a huge blow to leading brandy and cognac producers including LVMH, Pernod Ricard and Remy Cointreau. Read More
Despite ongoing Ukraine war and economic sanctions, Russia has seen a surprising uptick in its wine imports, defying the harsh economic realities imposed by the European Union’s sanctions regime. 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
Luxury group LVMH has sold Cape Mentelle, the iconic Margaret River winery in Western Australia, to Australia's leading retail drinks and hospitality company Endevour Group for an undisclosed amount. Read More
The Gongbei Customs in Shenzhen has busted a Macau driver smuggling 12 bottles of Hennessy X.O in his modified car stereo system.. Read More
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
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
The 2018 Ao Yun vintage became the pinnacle of Chinese wine as it gained the highest score from international wine critics. Read More