Thailand, Southeast Asia’s second-largest economy, is considering lifting its long-standing daytime alcohol sales ban in a bid to stimulate tourism and boost beverage industry revenue. Read More
Spirits
Merchants are already suspending EU wine purchases and warning of mass bankruptcies and layoffs if Trump’s threatened 200% tariff on European wine is implemented. Read More
Dairy Farm Internatinal Group (DFI), the operator of Hong Kong's leading supermarket and retail chains including Wellcome and 7-Eleven convenience stores, has announced leadership changes. Read More
Luxury conglomerate LVMH reported a 35.7% decline in operating profit for its wine and spirits division in 2024, as weaker demand in China and a challenging global market weighed on sales. Read More
Five years after entering the whiskey business, Grace Vineyard has decided to exit the sector due to financial strain and challenging market conditions. Read More
This price hike marked its first price adjustment in China since the government imposed anti-dumping measures on European brandy imports earlier this year. Read More
Despite the challenges, Peter Schmitz, the Global Director of ProWien, remains optimistic about China’s wine market. Read More
Hong Kong has announced a major reduction in its spirits tax, slashing it from 100% to 10% on spirits priced above HKD 200 (US$25) per bottle, in a bid to replicate the success of its earlier wine tariff removal. Read More
On September 26, Asia Wine Service & Education Centre (AWSEC), Asia’s leading professional wine, sake, spirits, and beer education provider, celebrated its 30th anniversary with a gala dinner at The Langham Hong Kong. Read More
A Vino Joy News investigation found that sales of premium wines in this channel, which allows consumers to buy duty-free products without leaving the country, are facing pressure from traditional wholesalers and cross-border e-commerce platforms, where prices are more competitive. Read More