Rare Bordeaux wine producer Liber Pater will hold its first ex-cellar auction in Hong Kong on Nov. 21, offering 20 lots sourced directly from the estate’s cellars. Read More
Wine
Constellation Brands’ wine and spirits net sales fell 26% in the first half of its fiscal year, although organic net sales rose 12% after excluding the impact of divested businesses. Read More
Chai Eamsiri denies wrongdoing over a reported purchase of 860,000 bottles as the airline investigates its handling of flood-related disruptions. Read More
Duties will fall from 150% to as low as 25% over a decade, though lower-priced wines will see no relief. Besides, hefty state taxes and regulations are still major hurdles.
Read More
Two key subsidiaries of the drinks distributor owe RMB127 million in back taxes and late-payment charges. Their location highlights the role of regional tax incentives, but the company has not disclosed what triggered the bill.
Read More
The Chianti Wine Consortium is using artificial intelligence and other digital tools to scan the global internet for counterfeit Chianti wine and improper use of the "Chianti" name. Read More
Authorities in Malaysia's Sabah state uncovered two separate liquor smuggling cases within a single week this month, the latest in a string of incidents that officials and industry observers link to the country's steep alcohol taxes and an unusual quirk in its tax code that has turned a nearby duty-free island into a smuggling gateway. Read More
The convenience store chain is discounting G7 and Yellow Tail as it seeks to make wine part of everyday drinking occasions.
Read More
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
Margaux, Mouton Rothschild and Haut-Brion miss the top award, Latour is absent altogether, and conflicting estate counts add to questions over Michelin's new wine hierarchy. Read More