The shortfall, compounded by the conspicuous absence of key buyers from mainland China and Hong Kong, casts a spotlight on shifting regional priorities and rising cost concerns surrounding the fair. Read More
Wine
Leading producers including Silver Heights, Xige Estate, Legacy Peak, and DEVO Winery shared insights on their 2024 export performance, international ambitions, and the hurdles that remain. Read More
China’s appetite for crisp, refreshing wines is fueling a surge in demand for New Zealand Sauvignon Blanc, which is outperforming across major retail and on-demand platforms. Read More
Wine is expected to be the only major alcohol category to shrink in volume over the next decade, even as the global beverage alcohol market adds US$34 billion in value, according to new forecasts from IWSR. Read More
We spoke with some of China’s biggest en primeur buyers about the 2024 Bordeaux campaign—and despite the deepest price cuts in a decade, reactions are anything but unanimous. Read More
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
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