Breaking: Fine wine merchant Sarment is closing business across Asia
Fine wine merchant, Sarment, is shutting down its business in mainland China, Hong Kong, Singapore and Japan, less than two years after it was sold to Paolo Bulgari.
Tag: Wine
Premium alcohol consumption surge in Guangdong in 2020
Guangdong’s premium alcohol consumption bucked a prevailing downward trend and managed to report a double-digit growth last year despite the pandemic and consumers’ cautious spending.
Japan’s drinks giant Mercian eyes millennials, sparkling and organic wines for future growth
Japan’s Mercian Corporation is looking to millennials, “casual sparkling” and organic wines as growth engines for the company’s future.
2000 cases of wine left frozen due to misreading of dash sign
A Chinese logistics company made a costly mistake by freezing 2,000 cases of wine destined to Japan after misreading the dash sign in temperature instruction as a minus sign.
Japan to revise alcohol tax
The Japanese government has announced they will revise liquor taxes in October. Mari Yasuda reports from Japan on the impacts, and reactions from importers and merchants.
Dine-in ban could cost Hong Kong restaurants HK$3 billion
Hong Kong’s worst coronavirus resurgence could cost the city’s dining sector as much as HK$3 billion (US$387 million) in the month of July, as dining-in at restaurants is banned till the end of this month.
Hong Kong star Eric Tsang accused of selling fake wines and spirits online
Famous Hong Kong celebrity Eric Tsang debuted on China’s most popular livestreaming app with astonishing sales figures and no shortage of backlash.
Founder of L’Imperatrice resigned
Julien Froger, founder and director of Hong Kong’s fine wine merchant L’Imperatrice, has abruptly left the company, Vino Joy News has learned.
MHD takes over distribution for Mouton Cadet in China
Moët Hennessy Diageo China has taken over distribution for the popular Bordeaux wine, Mouton Cadet, owned by Baron Philippe de Rothschild for the mainland China market, the company has announced.
Shenzhen issues US$7 million drinks voucher to boost alcohol sales
Residents in China’s southern metropolis Shenzhen certainly had a boozy month of May. The city has given out RMB 50 million (US$7 million) worth of drinks voucher to local residents in an effort to boost alcohol sales amid pandemic.