After rumors of layoffs and possible sale to a Chinese baijiu distiller, global spirits giant is reviewing a sale of Shui Jing Fang amid a global slowdown. Read More
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Headline figures appear strong, but beneath the month-long sales blitz, the real story of the drinks sector is more nuanced. Drawing on public data and platform releases, Vino Joy News reviews what this year’s Singles Day reveals about China’s alcohol business. Read More
Links Concept Family Wine Merchants, one of Hong Kong’s leading wine importers, has been acquired by the United Kingdom–based Coterie Group, becoming part of the company’s expanding global portfolio spanning wine sales, storage and superyacht supply services. Read More
Carrefour’s decades-long presence in China is nearing its end, after controlling shareholder Suning announced it would sell four of the supermarket chain’s regional subsidiaries for just RMB 4. Read More