AB InBev is targeting a July listing for its Asia Pacific business, a move that could raise it at least $5 billion and help the brewer make acquisitions in the region.
Scotch and Japanese whiskies led Bonhams’ recent Hong Kong sale, with lots of the Macallan and Dalmore selling for many times over their pre-sale estimates.
Sales of wine and spirits in global travel retail (GTR) grew 10.2% in 2018, according to the latest stats from the Tax Free World Association (TFWA), to $4.2 billion, as the sector hit $75 billion.