India’s southern state of Karnataka will introduce a new alcohol tax system based on Alcohol-in-Beverage (AIB) from April, a reform that could lower prices for beer and wine while potentially increasing taxes on stronger spirits. Read More
tax cut
EU wine exports to most Asian markets suffered setbacks in 2024 with the exception of one market that bucked the downward trend.
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Watson’s Wine, Hong Kong’s largest wine retailer, is cutting premium spirits prices by up to 60% and plans to open a dedicated premium spirits shop early next year as part of its goal to grow its market share in the spirits sector to 25% within the next three years.
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