Hong Kong real estate magnate and billionaire collector Joseph Lau is set to auction the third instalment of his prized wine cellar later this month, following two blockbuster sales that together fetched over US$16 million. Read More
Wine
Treasury Wine Estates named Sam Fischer as its next chief executive officer, replacing Tim Ford after a five-year tenure that saw the company navigate pandemic disruptions, trade tariffs, and a strategic overhaul of its wine portfolio. Read More
The European Commission approved a €5 billion (US$5.6 billion) French scheme Thursday to help wine and spirits exporters accelerate shipments to the US before a 90-day tariff truce expires July 8. Read More
This year's ProWine Hong Kong will feature broadened international participation, an expanded wine and spirits showcase, and the debut release of its China market report. Read More
LVMH will cut 1,200 jobs—about 12% of its global workforce—at its wine and spirits division Moët Hennessy. This follows similar move by Remy Martin. Read More
The drop was driven largely by a 17% fall in Cognac and other spirits, while Champagne and still wines slipped just 1%. Read More
Vats Liquor clearly pointed out a structural shift in China: corporate spending on alcohol is softening and individual consumers and online channels are stepping into the breach. Read More
China’s next big wine opportunity may not be found in luxury hotels or fine dining restaurants, but in the scroll of a hungry, wine-curious consumer’s smartphone through instant retail. Read More
Ningxia's Stone & Moon is now offically part of the Treasury Wine Estates family. Read More
Here are the highlights and not-to-miss events from the upcoming ProWine Tokyo scheduled for April 15-17. Read More