Two of China’s publicly traded drinks retailers, VATS Liquor and Liquor Easy, reported first-half losses as weaker spending and falling prices for major spirits brands put pressure on sales, prompting efforts to cut costs and reduce inventory. Read More
Retailer
South Korea’s leading retail giant Lotte is eyeing to purchase domestic and foreign wineries in an effort to beef up its wine business, bolstered by the country’s fast-expanding domestic wine market. Read More