Wine business in China struggles to bounce back
Wine business in China is proving to be a weak link in the country’s drinks industry’s recovery as wine companies struggle to fully bounce back from the pandemic-induced sales downturn.
Tag: Pandemic
Global wine consumption dip in 2020
Global wine consumption in the pandemic year reached the lowest recorded level of consumption since 2002, and China is the key driver for the downward trend, says OIV.
China’s wine imports’ decline eased
China’s wine imports seem to be slowly gaining momentum as declines ease, in an early sign that demand is picking up, a year after the pandemic.
TWE profits down 24% due to pandemic and China tariffs
Global pandemic coupled with China’s crushing anti-dumping tariffs on Australian wines have shaved off 24% of profits for Australian wine giant, Treasury Wine Estates, parent company of Penfolds.
China’s biggest wine fair postpones to April
China’s biggest wine and spirits trade fair has announced that it will postpone its fair schedule from originally planned March to April, after the hosting province issued a directive to ban large-scale, sales-oriented gatherings as part of its precautionary measures following small clusters of infection.
Industry leader warns 3,000 restaurants on the verge of closure in HK
Industry leader from Hong Kong’s dining sector warns that 3,000 restaurants would close for good, as the city extends another two weeks of social distancing measures that would cover the lucrative Chinese New Year.
ProWein 2021 cancelled
As Covid-19 continues to ravage Europe, ProWein 2021 in Dusseldorf, arguably the biggest wine trade fair in Europe, will be cancelled, according to the organizer Messe Düsseldorf.
World’s 50 Best Restaurants cancelled for 2020
The World’s 50 Best Restaurants Awards is cancelled this year and postponed to 2021, as Covid-19 takes a huge toll on dining sector across the globe where thousands of fine dining restaurants were forced to close for good.
Pernod Ricard launches free online courses for Covid-affected bartenders
The drinks giant, Pernod Ricard, has launched a free online training course for bartenders on sustainability and responsibility, as a new way to support bartending community affected by Covid-19.