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CHINA’S SOUTHERN MOST VINEYARD MAKES WINE FROM NATIVE SPIKY GRAPES
Lechang county in Guangdong province bordering Hong Kong is believed to be China’s southern most vine growing area. Producers there are making a subtropical wine from native spiky grapes called Ziqiu (Autumn Purple).
BUYING FRENZY IN BORDEAUX CONTINUES DESPITE A SLOWING ECONOMY IN CHINA
Despite that the Chinese economy seems to be slowing, Chinese investor’s appetite for Bordeaux châteaux has no sign of abating. One more winery in the prestigious wine region has just been sold to Chinese investor.
VINEXPO IWSR REPORT: CHINA SET TO BECOME SECOND MOST VALUABLE MARKET
The latest Vinexpo IWSR Report was released yesterday in Shanghai, it predicts that global wine market will exceed USD207billion in 2022 and China will overtake France to become the world's second most valuable wine market.
CHINESE WEILONG'S AUSSIE WINERY STARTS MAKING WINES SOLELY FOR CHINA MARKET
China's third largest wine producer Weilong Company has started processing its first vintage in its Australian facility in Northwest Victoria. Every bottle made here will be shipped back to China to be sold under the company’s Grand Dragon brand.
FORMER NINGXIA PARTY BOSS LOBBIED BEIJING FOR DOMESTIC WINE TAX BREAKS
Cui Bo, former deputy secretary of CCP’s Ningxia committee, has proposed a gradual elimination of the 10% consumption tax and 16% VAT for domestic wines to help the industry compete with imported wines.
VALUE OF RARE WHISKIES SURGED 582% IN PAST DECADE, THANKS TO DEMANDS IN ASIA
Rare whisky is the most lucrative investment in the past decade with value surging 582%, partially driven by demands in Asia, according to the 2019 Wealth Report published by property consultancy Knight Frank.
SEOUL HAS SECOND HIGHEST COST FOR BOTTLE OF WINE AMONG WORLD’S PRICIEST CITIES
Seoul is the second most expensive city to buy a bottle of wine among the world’s top 10 most expensive cities, according to the 2018 Worldwide Cost of Living report released by the Economist Intelligence Unit.
DIAGEO OFFERS 20% PREMIUM TO UP 10% STAKE IN THIS CHINESE BAIJIU PRODUCER
Confident about Chinese baijiu market, global giant Diageo offers to buy 10% more Shuijingfang shares, of which it already owned 60%, at RMB45 per share representing a premium of 19.33% on last traded price.
FRENCH WINE'S DOMINANCE IN CHINA MAYBE FADING, WARNED FRANCE TRADE AGENCY
The French government’s investment and trade agency Business France has sounded alarm on the sharp decline from 31% to 26% in French wine’s share of the Chinese imported wine market in 2018.
香港西九龍文化區計劃建葡萄園，首選品種是法國勃艮第的黑品種Pinot Noir，但勃艮第擁有大陸性氣候，夏季平均氣温只20度，而且Pinot Noir出名難種，恐怕會水土不服，本文建議採用擁有和暖海洋性氣候的波爾多產區品種，首選是黑品種Cabernet Sauvignon。
SUBTROPICAL HONG KONG PLANS A WATERFRONT VINEYARD FEATURING BURGUNDY VARIETIES
The architect of Hong Kong’s zero wine tariff policy has engineered the planting of the city’s first ever vineyard at the Victoria Harbour waterfront featuring Burgundy grape varieties.
AT LEAST 155 DIED IN INDIA IN THE SECOND LIQUOR POISONING OUTBREAK IN TWO WEEKS
At least 155 people have died and more than 200 hospitalized in Northeastern Assam state of India in the second outbreak of liquor poisoning in two weeks, after more than 100 were killed in Uttar Pradesh and Uttarakhand states earlier this month.
JOHNNIE WALKER RELEASED PORT ELLEN EDITION OF “GHOST AND RARE” IN SINGAPORE
The “Ghost and Rare” series draws on “ghost” stocks of rare malts from Scotch distilleries closed long time ago. This second edition focuses on stocks from the closed Port Ellen distillery on Islay.
IWC LAUNCHED NEW WINE COMPETITION EXCLUSIVELY FOR CHINA
Organiser of the International Wine Challenge has launched a new wine competition exclusively for the Chinese wine trade. It is claimed to be the only international wine awards to be presented in mainland China.
FRENCH WRITER PROTESTED EXOTIC CHINESE NAMES FOR BORDEAUX CHATEAUX
Well known French writer Philippe Sollers and Mayor of Bordeaux Alain Juppe have some fascinating exchanges over the exotic names given to historic Bordeaux chateaux by their new Chinese owners.
JAPANESE RESEARCHERS FOUND THAT WINE CAN BOOST HAIR GROWTH
Researchers of Japanese Rohto Pharmaceutical Company have found that tartaric acid in wines can boost hair growth by as much as 1.6 times, according to a report by the Kyodo News Agency.
TWE’S ASIA EARNINGS JUMPED 31%, WILL BUY FRENCH VINEYARDS TO TARGET CHINESE MARKET
Australia’s Treasury Wine Estates reported a 31 percent jump in earnings across Asia in the first half of 2018/19 financial year, the company is looking to buy wineries and vineyards in France to target the Chinese market as a strategy to lift profit margins.
CHINESE BUSINESSWOMAN SELLS NZ CARRICK WINERY TO FUND MOVIE PROJECT
Auckland-based Chinese businesswoman Elizabeth Zhong is selling Carrick Winery in Central Otago to fund a movie project in New Zealand. Due to unexpected situations in China, she has to raise funds locally for the movie.
MORE THAN 100 DIED AFTER DRINKING POISONOUS LIQUOR IN NORTHERN INDIA
At least 105 people died in Northern India after drinking illegally produced spirits, in the worst such case since 2011. At least 36 people died in Haridwar in Uttarkhand state and at least 69 died in neighbouring Uttar Pradesh state.
BRITISH CRAFT DISTILLER COMES TO ASIA WITH LONDON MADE WHISKIES AND HK EDITION GIN
British craft spirits producer London Distillery Company enters the Asian market with a portfolio including the first London made whisky in a century and the Hong Kong edition of a gin flavoured by botanicals from the Kew Gardens.
HISTORIC JAPANESE SHOCHU MAKER NISHI BOUGHT NEW ZEALAND'S URLAR VINEYARD
Wairarapa-based Urlar Farms has been sold for NZD8.75 m to Nishi Sake Brewing, the 173-year old leading Shochu producer from Kagoshima in Japan. The new owner aims at increasing exports by fivefold in 5 years.
WINE FROM CHINA’S NINGXIA REGION IS MAKING INROADS INTO FRANCE
China’s Ningxia wine region has recently exported 11,870 liters of wine to France, its biggest ever batch of wine export to a EU country. Chinese media hailed this as a step closer for Ningxia to become a wine exporting area.
FINE WINE AUCTION CAPITAL: HONG KONG WILL HOST AUCTION WITH HIGHEST EVER ESTIMATE
British auction house Sotheby’s has announced a 3-day sale entitled "Tran-scend-ent Wines 超凡釀" in Hong Kong from 29 to 31 March with the highest ever pre-sale estimate, helping seal Hong Kong’s status as the world’s fine wine auction capital.
STUDY COMMISSIONED BY GLOBAL BIG GUNS URGED HONG KONG TO CUT SPIRITS TARIFF
A study commissioned by Asia Pacific International Wine and Spirits Alliance, its members include global giants like Diageo and Pernod Ricard, suggests that a spirits tariff cut can bring HKD1b (USD133m) worth of economic benefits to Hong Kong.
A CHINESE BUSINESSMAN IN HUNGARY BOUGHT AN EGER WINERY TO BRING “BULL’S BLOOD” TO CHINA
Wenzhou native and Chinese community leader, Qu Lei, has acquired 49% stake of Petreny Winery. He plans to export Eger's legendary red wine Egri Bikavér (Bull’s Blood) to China.
CHINA WINE PRODUCTION DROPPED 37% IN 2018, FURTHER SIGN OF A WINE MARKET SLUMP
China’s wine production dropped by 37.16% in 2018 to 6.29 million hectolitres (mhl), down from 10.01 mhl in 2017, according to data obtained by The Wine Chronicle from China’s National Bureau of Statistics.
MORE SUSPENSIONS, JAPANESE WHISKIES IN SEVERE SHORTAGE DUE TO HIGHBALLS COCKTAIL
Japanese whisky is in severe shortage due to the popularity of a whisky and soda cocktail called Highballs in Japan. The shortage has caused Suntory Spirits to announced suspension of six more of its Japanese whisky products at the end of March.
REMY: EARLY CHINESE NEW YEAR BOOSTED COGNAC SALES IN CHINA DESPITE A SLOWING ECONOMY
French spirits group Remy Cointreau delivered robust sales in the last quarter of 2018, as the earlier Chinese New Year boosted premium Cognac demands while sales were strong in the United States.
DIAGEO INDIA SOLD FOUR SEASONS WINES TO COMPETITOR GROVER ZAMPA
Global wine and spirits giant Diageo’s Indian subsidiary, United Spirits, has sold its winery Four Seasons Wines in a bid to focus on its core spirits business in India.
WINE AUCTION SEASON STARTS IN HONG KONG TOMORROW WITH A VERTICAL COLLECTION OF 36 GRANGE MAGNUMS
British auction house Sotheby’s will kick start this year’s fine wine auctions tomorrow in Hong Kong with 791 lots at a total estimate of HKD 23million (USD2.9 million). The highlight of the lots is a very rare complete vertical collection of 36 Penfolds Grange Magnums from 1979 to 2014.
SPANISH WINE EXPORT TO CHINA DECLINED 20% IN 2018, AMID A COOLING IMPORTED WINE MARKET
China’s imported wine market cooled off in 2018 due to a sharp downturn in the second half of the year. The decline affected almost all major exporting countries, with Spanish wines suffering a whopping 20.13% fall in import value, according to a report in Beijing Business Today.
CHINA’S MOUTAI WINE COMPANY SEEKS TO EXPAND TO ITALY
A delegation of Moutai Wine Company, the wine business arm of the world’s most valuable spirit producer Kweichow Moutai, has met with former Italian Prime Minister Massimo D’Alema seeking to establish a production base in Italy.
CHINESE OWNER OF NZ LABOUR AGENCY FINED NZ$120,000 FOR EXPLOITING WORKERS
Marlborough based Double Seven Services, which supplies labours to vineyards, and its Chinese owner Qin Zhang, were fined more than $120,000 after failing to pay minimum wage and keep correct records for almost 200 employees.
TAIWAN’S KAVALAN LAUNCHED GIN WITH LOCAL FRUIT FLAVOURS
Taiwan’s Kavalan has introduced a new triple-distilled gin using a botanical recipe full of tropical flavours, including local specialities like kumquat peels, dried star fruit and guava.
AUSTRALIA’S ACCOLADE TO APPLY “COVERT TRACERS” IN QR CODES TO COMBAT CHINESE COUNTERFEITS
Australia's biggest wine producer Accolade Wines has signed a deal with anti-counterfeit company YPB to apply “covert tracers” to its premium wines to combat counterfeit problems in the China market.
AUSSIE WINES PAY ZERO TARIFFS IN CHINA AND KOREA FROM 1 JANUARY
Australian wine producers pay zero tariffs on their exports to China and Korea from 1 January when further free trade agreement tariff cuts kicked in, adding to their competitive edge over European and American producers.
JAPAN’S SUNTORY AND ASAHI ANNOUNCED PRICE CUTS ON EU WINES FROM 1 FEBRUARY
Japan’s leading wine importers Suntory and Asahi Groups have announced that they will cut prices on imported European wines when the EU-Japan Economic Partnership Agreement comes into effect on 1 February.
RUSSIAN STANDARD VODKA TO TAP THE HUGE INDIAN SPIRITS MARKET
The world’s second largest vodka producer Russia’s Roust International has launched its Russian Standard Original vodka brand in India to tap the country's fast growing spirits market.
FIRST UNESCO WINE CULTURE CONFERENCE TO BE HELD IN HONG KONG IN JUNE 2019
Jointly organised by the UNESCO Chair “Culture and Wine Traditions” of the University of Burgundy and the School of Hotel and Tourism Management of Hong Kong Polytechnic University, the conference is scheduled on 2 to 5 June 2019.
KOREA’S LG TO LAUNCH A CAPSULE-BASED HOME CRAFT BEER MACHINE CALLED HOMEBREW
South Korean electronics firm LG will next month launch a capsule-based home brewing machine that can make 5 litres of beer in two weeks.
CHINESE WINERIES BORDERING NORTH KOREA MAKE RED ICE WINE FROM OWN HYBRID VARIETY
The Jian County of China’s Northeastern Jilin Province sits on the west bank of the Yalu River overlooking North Korea to the East. Here local wineries have been making an red ice wine with China’s own hybrid black variety called Beibinghong which means “Arctic Red”.
TAIWAN’S KAVALAN LAUNCHED TWO BORDEAUX CASK WHISKIES TO MARK 10 YEAR ANNIVERSARY
Taiwanese whisky distillery Kavalan has launched two limited special editions called Kavalan Bordeaux Margaux and Kavalan Bordeaux Pauillac to mark its 10th anniversary.
HUNGARY’S GRAND TOKAJ GROUP ENTERS CHINA THROUGH JD.COM
One of Hungary’s leading wineries, the state-owned Grand Tokaj Group, signed a Memorandum of Cooperation with China’s second biggest online shopping platform JD.com on Monday.
UK TRADE BODY ON THE ROAD IN TOKYO TO PROMOTE GIN AND WINE
The Wine and Spirit Trade Association (WSTA) of UK led a trade mission to Tokyo last week to showcase British gins and fine wines with a view to boost exports.
AUSTRALIA WAS NAMED WINE COUNTRY OF THE YEAR BY THE CHINESE WINE TRADE
Australia was crowned Wine Country of the Year by China’s wine and spirits industry on Monday in the China High-End Spirits Fair cum Global Wine G50 Summit held in the eastern Chinese city of Hangzhou.
THIS RUSSIAN SPARKLING PRODUCER PLANS TO PRODUCE CHARMAT IN CHINA
Against the backdrop of economic sanctions on Russia by western countries, Abrau-Durso plans to expand production into China thinking that just exporting is not good enough.
RIOJA IS ON THE ROAD IN CHINA THIS WEEK
The Rioja wine region of Spain is on the road in China. After holding its Grand Tasting in Beijing on Monday, the 75 wineries taking part will travel to Shanghai, Guangzhou and Hong Kong.
上月有兩瓶1945年的Domaine de la Romanée-Conti (DRC) 勃艮第干紅，在蘇富比紐約拍賣會上，打破了歷來葡萄酒拍賣紀錄，分別以558,000及496,000美元賣出。這個價錢足以在很多發達國家購買一間中產家庭的房屋，大家不禁會問DRC 為何這麼貴，值得嗎？
WTO TO SET UP PANELS TO SETTLE TRADE DISPUTES BETWEEN USA, CHINA AND FIVE OTHER COUNTRIES
Light at the end of the tunnel? The World Trade Organization is to set up a range of settlement panels to resolve the trade disputes that have caught the world’s wines and spirits industry.
MILLENNIAL AND WOMEN WINE CONSUMERS ARE A FORCE TO RECKON WITH IN CHINA
The rise of millennial and women consumers is a notable trend in the current China wine market, according to the “2017 China Wine Data Analysis Report” jointly released by China Alcoholic Drinks Association and trade data specialist Exact Data China.
FALLEN OUT OF FAVOUR IN JAPAN, EXPORT OF BEAUJOLAIS NOUVEAU IN DECLINE
Behind the hype of the Beaujolais Nouveau campaign last Thursday, there is the daunting truth that demand of the wine has been in continuous decline, mainly due to a dampened interest in the Japanese market.
FORGET ABOUT WHISKIES, THE WORLD'S MOST VALUABLE SPIRITS BRANDS BELONG TO CHINESE BAIJIU
According to the latest report by Brand Finance, an international brand valuation and strategy consultancy, the world's top three most valuable spirits brands are Moutai, Wuliangye and Yanghe. British brand Johnnie Walker dropped one place to fourth.
在葡萄酒業發展的歷史上，有兩個品鑑會被視為是劃時代的，讓新世界酒走上優質葡萄酒的殿堂，足以跟舊世界頂級酒區一較高下。 第一個是1976年的巴黎評審會（Judgement of Paris），第二個則是2004年的柏林品鑑會（Berlin Tasting)。
CHINA RATED MOST ATTRACTIVE WINE MARKET, ASIA HIGHEST POTENTIAL
China is rated the most attractive wine market by international producers and exporters followed by Japan, Hong Kong, Scandinavia, USA and Canada, according to a survey commissioned by the organiser of ProWein trade show.
NEW SHANGHAI SHOW TO BRING VINEXPO TO CHINA EVERY YEAR FROM 2019
The French organiser of the Vinexpo wine exhibition will hold its first Shanghai show in May 2019. This new biennial exhibition will bring Vinexpo to China every year, to be held alternately in Hong Kong and Shanghai.
CHINESE CONSUMERS BUYING LESS BUT SPENDING MORE ON BORDEAUX WINE
Bordeaux has exported 11% less wine to China in the past 12 months compared to the same period a year ago. In value terms, however, there is an increase of 3%, indicating that Chinese consumers are buying more premium Bordeaux wine.
NEW SOUTH WALES TO TARGET CHINA AND SOUTH KOREA IN WINE TOURISM CAMPAIGN
Australia's lesser known wine regions in New South Wales like Hunter Valley and Orange will strengthen wine tourism promotions in countries like China and South Korea after having secured a state grant of AUD 2m (USD 1.4m).
THE OSBORNE BULL IS COMING TO CHINA ON ALIBABA'S TMALL
Spain’s legendary sherry and brandy maker Osborne Group has opened an online flagship store on Alibaba's Tmall platform, bringing Osborne sherry, Carlos I brandy and Montecillo Rioja wine and many more to Chinese customers.
EXPORTS OF SCOTCH WHISKY TO INDIA AND CHINA SEEN UNPRECEDENTED GROWTH
The world’s two most populous countries are Scotch Whisky’s fastest growing markets. Exports to India increased by 44.4% to over USD72.9 million in the first half of this year, to China increased by 34.8% to USD 48.2 million, according to statistics released by Scotch Whisky Association.
CHINESE BOUGHT UP TO 10 PERCENT BAROSSA VINEYARDS, EYEING OTHER REGIONS
Australian broadcaster ABC News reported that Chinese investors had bought up to 10 per cent of the vineyards in South Australia's Barossa Valley, their interests are now extending to other regions.
BORDEAUX TO HELP HONG KONG TRAIN MORE WINE PROFESSIONALS
Hong Kong has signed a Memorandum of Understanding (MOU) with Bordeaux to strengthen cooperation on wine education and professional training with a view to raise the standard and number of wine professionals to meet industry demand.
BONHAMS HONG KONG AUCTION TO INCLUDE A LOCALLY MATURED FINE WINE COLLECTION
Described as a "Made in Hong Kong" collection owned by an esteemed Hong Kong collector and aged locally for at least 15 years, these 500 lots of fine wines will be available for bidding in Bonhams Hong Kong auction on 16 November.
FAST GROWTHS IN CHINA AND ASIA DRIVE AUSTRALIAN WINE EXPORTS TO NEW HIGHS
In the twelve months to 30 September this year, export to China increased by 24%, to Singapore by 30%, and to Japan by 16%. These markets are the main contributors to an 11% rise in export value to AUD 2.71 billion.
ITALY'S CAMPARI HAS OPENED AN ONLINE FLAGSHIP STORE ON ALIBABA'S TMALL
Italy's liqueur and spirit producer the Campari Group has opened an online flagship store on Alibaba's e-commerce platform Tmall, seeking to tap the growing cocktail and spirits market in China.
CHIANTI HAS REGISTERED AN OFFICIAL CHINESE NAME
Italy's Chianti wine region has successfully registered its name in Chinese with China's Trade Mark Office. The official Chinese name of the Tuscan wine is now "施安蒂", pronounced as Shi-an-di which has very similar phonetics to its original name.
HOSPICES DE BEAUNE HOSTED PROMOTION EVENT IN BEIJING
The annual Hospices de Beaune charity auction will take place on 18 November in Beaune Burgundy. Hospices officials and the auctioneer, Christie's auction house, recently hosted a tasting event in Beijing as part of their Asia promotion tour.
JAPAN'S SAPPORO BEER RETURNS TO CHINA AFTER NINE YEARS OF ABSENCE
Japan's Sapporo Breweries is returning to China next month after a nine-year absence. The company will target China's premium beer market and will be distributed by the global beer giant Anheuser-Busch InBev.
KIRIN'S CHATEAU MERCIAN LAUNCHED A DRY RED FOR HEALTH CONSCIOUS JAPANESE CONSUMERS
The new product, called Bon Rouge Premium, is possibly the most expensive wine in PET bottles. Launched in limited quantity in August, the wine comes with three times more anti-oxidant resveratrol and a low alcohol level of 11%.
SINGAPORE IS CROWNED DRINKS CAPITAL OF ASIA
Singapore is the best Asian city to enjoy a drink in the bar, according to the World's 50 Best Bars Awards 2018 announced last week in London. The city state has five bars on the list, Tokyo has two while Hong Kong, Shanghai and Taipei each has one.
五漁村 (Cinque Terre) 是意大利一個旅遊熱點，是位於熱那亞市(Genoa) 與拉斯佩齊亞市(La Spezia)之間的五條海岸村莊，村內很多房屋都建於陡峭的懸崖上，村民又以石塊堆起圍牆，以鞏固連綿的梯田，據說圍牆的長度加起來與萬里長城相約。這些臨海梯田出產一款帶鹹味的干白葡萄酒，很能反映葡萄園的獨特地理位置。
PACKED WITH IMMERSIVENESS AND RARITIES: HENNESSY'S HONG KONG AIRPORT FLAGSHIP STORE
French Cognac producer Hennessy has opened its first airport flagship store at Hong Kong International Airport featuring unique interactive experiences and limited edition Hennessy rarities.
THIS TIBETAN TOWNSHIP SURPASSED SALTA OF ARGENTINA TO BECOME WORLD’S HIGHEST VINE AREA
The Caina Township of Lhasa City in the Tibet Autonomous Region is believed to be the highest vine growing area in the world. Vineyards here are planted on an average altitude of 3,563.31 meters, beating the record set by Salta of Argentina by some 450 meters.
意大利中部托斯卡納 (Tuscany)地區，擁有連綿不斷的山丘， 當中坐落了大大小小的中世紀城鎮，其中San Gimignano， Montalcino及Montepulciano，是著名的葡萄酒產區。穿疏於這些古鎮酒區間，仰望那些高崇入雲的意大利柏樹，完全明白托斯卡納為何是浪漫典雅的代名詞。
LAND OF FIRE AND ICE: CHINA WINE SALES UP 33.5%, PRODUCTION IN CONTINUOUS DECLINE
Data released by China's Ministry of Commerce shows that wine sales increased 33.5% in volume and 3.3% in value in the first seven months of this year. However, growth in wine consumption failed to bring recovery in production.
COMING OF AGE: TAIWAN WHISKIES GO GLOBAL
Following the success of Kavalan whiskies, Taiwan's other whisky producer Nantou Distillery is taking their whiskies global. The company recently debuted their Omar line whiskies in the USA after launching them in Europe.
U.S. EXPORTED MORE WINES TO CHINA IN FIRST HALF, NEW TARIFFS CAST DOUBTS ON FURTHER GROWTH
Amid news that U.S. wine export to China increased 14% in value in the first half of this year despite the trade war, China announced that it would levy an additional 10% punitive tariff on U.S. wines from next week to retaliate President Trump's latest move.
HONG KONG WINE MERCHANT MADISON LAUNCHED BUDGET AUCTION HOUSE WITH 16.5% BUYER'S COMMISSION
Announcing the launch of MFWA (Madison Fine Wine Auction) today, Chairman of Madison Wine Raymond Ting said they would use technology to take on the global auction houses.
CHINA SURPASSED U.S. AS BUDWEISER'S BIGGEST MARKET DESPITE THE TRADE WAR
Despite the on-going trade war between USA and China, the Amercian beer Budweiser is selling more beer in China than in its home country, according to the BeverageDaily.
DEMANDS IN ASIA AND THE AMERICAS SET THE STAGE FOR COGNAC’S COMEBACK
Exports of Cognac has grown four years in a row, rising by 5.4% in value and 8.2% in volume in the past year. A total of 205.9 million bottles were exported, with Asia and the Americas contributing the highest growth.
CHINA OVERTOOK BRITAIN AS WSET’S TOP MARKET
A record 94,832 people across the globe signed up for a Wine & Spirit Education Trust (WSET) course in the 2017/18 academic year. China overtook Britain as the top market after recording 9% growth in student numbers.
SHANGHAI AND ADELAIDE JOINT HANDS TO PROVIDE OENOLOGY MASTERS DEGREE FROM 2019
Shanghai’s Jiao Tong University and Australia’s University of Adelaide will introduce a dual masters degree in winemaking and viticulture from 2019 to meet the increasing demand for qualify winemaking courses in China.
PERNOD RICARD PROFITS UP 6.3%, DRIVEN BY DEMANDS IN CHINA AND INDIA
French wine and spirit giant Pernod Ricard’s profits up 6.3% to €2.36 billion (USD2.7 billion) in 2017/18, driven by strong demands in China and India. Sales in China and India jumped 17% and 14% respectively.
CHANGYU AND ALIBABA TEAMED UP TO MAKE MICRO MOVIE CALLED “WINE STRATEGY”
China’s biggest wine producer Changyu Pioneer Wine Company has teamed up with online shopping giant Alibaba to produce a series of micro movies called “Wine Strategy” to take wine education to a next level.
A RARE 70YO GLENIVERT WAS BOUGHT BY A CHINESE COLLECTOR IN GLASGOW AUCTION
An extremely rare bottle of 70YO Private Collection Glenlivert 1943 was snatched up by a Chinese buyer for £34,000 (USD 43,800) at an auction in Glasgow last week. The enthusiastic collector travelled to Scotland to bid in person for the bottle.
CHANGYU OWNED CHILEAN VINEYARD’S CHINA EXPORT QUADRUPLED IN ONE YEAR
Chiles’s Vina Indomita exported 400% more wine to China one year after being acquired by China’s Changyu Pioneers Wine Company, according to Chilean newspaper La Tercera.
THIS YAMAZAKI IS THE MOST EXPENSIVE JAPANESE WHISKY EVER SOLD
A rare bottle of 50YO Yamazaki whisky broke the record for the most expensive bottle of Japanese whisky ever sold. It fetched HKD2.659million (USD343,000) at a Bonhams auction in Hong Kong last week. The anonymous buyer is believed to be Asian.
TWE'S PROFIT UP 34% THANKS TO BOOMING SALES IN ASIA
Australia’s Treasury Wine Estates (TWE) posted a 34% rise in net profit after tax at AUD360.3 million in the past year thanks to booming sales in Asia. TWE owns premium and popular brands including Penfolds, Lindeman’s and Wolf Blass.
DENMARK’S CARLSBERG INCREASED ITS STAKE IN CAMBODIA’S CAMBREW TO 75%
Denmark-based brewer Carlsberg Group has increased its ownership in Cambrew which produces the popular Angkor brand by 25%, increasing its total stake from 50% to 75%. The remaining 25% stake will be retained by Cambrew.
INADEQUATE LABELLING IS THE TOP REASON FOR WINES TO BE BLOCKED BY CHINESE CUSTOMS
According to the latest statistics released by China’s General Administration of Customs (CGAC), a total of 12 batches of imported wines failed to get customs clearance in the first half of 2018. The most common reasons for failure are inadequate information on labels and inconsistencies in the declaration documents.
CHINESE AND ASIAN COLLECTORS CONSUMED MOST OF THEIR TROPHY WINES
British fine wine and spirits merchant, Bordeaux Index (BI), has seen its sales top £51m for the first time since 2011 with Chinese and Asian buyers contributing 40 percent of the company’s sales. The company has found that most Chinese and Asian customers buy the fine wines to consume rather than invest.
HEINEKEN PARTNERED WITH SNOW BRAND TO MAKE INROADS INTO CHINA MARKET
Dutch brewery giant Heineken N.V. has signed agreement with the holding company of China’s top selling Snow beer brand to create a partnership which will help Heineken gain direct route-to-market in China while providing Snow with exposures to the global market.
A CHINESE OWNED VINEYARD WAS NAMED AUSTRALIA’S BEST WINERY
Owned by Yiping Yang, a businessman from China’s Guangxi province and run by Dylan McMahon, the grandson of the founders, Seville Estate is hailed as a success of the marriage of winemaking tradition and the commercial might of China.
RHONE WINE EXPORTS INCREASED 7% IN 2017 THANKS TO FAST GROWTHS IN CHINA AND USA
France’s Rhone wine region exported 7% more wines representing 8% increase by value last year thanks to fast growths in the Chinese and US markets, according to latest figures released by the region’s wine trade body InterRhone.
LAGGING BEHIND, ITALY CRANKS UP WINE PROMOTION IN CHINA
Italian Trade Agency (ITA) has signed a co-operation agreement with China’s state owned fine wine distributor W&W International to promote Italian wines in China with a hope to catch up with France, Australia and Chile.
GALLO TO OPEN TMALL FLAGSHIP STORE TO MARK 9.9 WINE AND SPIRIT SHOPPING FESTIVAL
USA’s biggest wine producer California-based E & J Gallo Winery will open an online flagship store on Alibaba’s retail platform Tmall on 9 September. The day has been marketed by Tmall as Wine and Spirits Festival since 2016.
LOCAL ASIAN SPIRITS TRUMPED GLOBAL BRANDS IN WORLD SALES
Statistics released by the International Wine & Spirits Research (IWSR) showed that the world spirits market is remarkably local, with 9 Asian national spirit brands holding 9 of the top 10 best selling positions in 2017.
FRENCH RESEARCHERS FOUND FUKUSHIMA RADIATION IN CALIFORNIAN WINES
The 2011 Fukushima nuclear disaster has caused a trace spike in radiation levels in Californian wines from the 2012 vintage onward according to a new report from the University of Bordeaux’s Nuclear Studies Center (CNRS).
FRANCE TO RE-EXAMINE DEPORTATION OF JAPANESE WINEMAKERS AFTER PUBLIC UPROAR
Local authorities in the Pyrenees-Orientales region of France have responded to public protests and promised to re-examine the case of Japanese winemakers Rie and Hirofumi Shoji while granting a 3-month extension to their residency permits.
CHINA’S KWEICHOW MOUTAI DENIED ISSUING LIMITED EDITION TO MARK 2018 WORLD CUP
Three days to go before World Cup final, China’s top baijiu brand Kweichow Moutai issued a statement to deny that the company had released limited edition bottles to commemorate the 2018 FIFA World Cup Russia.
CHATEAU LAFITE REGISTERED TRADE MARK FOR CHINA WINE, FIRST RELEASE EXPECTED SOON
A trademark registration recently approved by China’s Trade Mark Office revealed that the inaugural bottles of Chateau Lafite Rothschild’s China project will very likely be named “Dong Shan 東山”, meaning East Mountain.
TWE’S RAWSON'S RETREAT TO BE DISTRIBUTED BY COFCO'S W&W IN CHINA
Building on the success of Penfolds, Australian leading wine company Treasury Wine Estates (TWE) has signed a Memorandum of Understanding (MOU) with China’s state owned fine wine distributor W&W International to distribute the Rawson’s Retreat brand in China.
TEN CHINESE OWNED BORDEAUX ESTATES SEIZED BY POLICE ON SUSPECTED FUNDING FRAUDS
French financial police have seized ten wineries in the Bordeaux area which are owned by Chinese conglomerate Haichang over suspicions of financial frauds related to their purchases, the French news agency AFP reported quoting police sources.
GEORGIAN PRINCE VISITED HONG KONG TO PROMOTE WINE AND TRADE
Prince of Georgia Juan Bagration-Mukhrani visited Hong Kong to promote wine last week amid the signing of a free trade agreement between the Georgian and Hong Kong governments.