China has now overtaken France to become the world’s second largest wine grower after Spain, fuelled by increasing demand for red wine.
Chinese merchant ASC Fine Wines has announced that Bruno Baudry, currently managing director of Codorniu Asia, will become its new CEO following the resignation of John Watkins.
Pernod Ricard has become the latest drinks group to reflect a steadily resurgent Asian market and buoyant US dollar, as it reported 2% organic sales growth at the end of the third quarter.
Chinese counterfeiters have apparently begun faking the rosé wine produced from vineyards owned by Brad Pitt and Angelina Jolie.
A human error has been cited by French justice officials as the cause of the helicopter crash in Bordeaux that killed Chinese billionaire Lam Kok and his son.
Villa Maria’s first ever chief operating officer talks to the drinks business about a new brand for the UK, how to raise the profile of Hawke’s Bay and why this producer’s biggest selling wine in China is white.
The Chinese are fast becoming the world’s biggest drinkers outpacing Brits, Americans and the Irish in terms of per capita consumption, new research has revealed.
Acker Merrall & Condit’s latest Hong Kong sale achieved HK$45 million, which the house says will put it on track to be the world’s leading auction house in the first quarter of this year.
Value sales of Bordeaux wine fell by 13% in 2014 according to the CIVB, with a poor 2013 harvest and rapidly slowing demand in China blamed.
The fact that over 100 Bordeaux châteaux are now in Chinese hands, begs the question – will they ever own a first growth?
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