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Tag Archive: China

News Briefs for November 24, 2014

•China’s modern fine-wine culture is barely a decade old and the career path of becoming a sommelier in the People’s Republic is even younger. Continue reading →

Posted in News on November 24, 2014

Pernod Ricard Posts Flat Full-Year Sales On China Difficulties, U.S. Also Slows

China’s dramatic downturn in luxury spirits consumption continues to impact the major industry players, with Pernod Ricard the latest to cite Asia as the main factor behind slowing global sales. Continue reading →

Posted in News on August 28, 2014

Sea Change: China’s Wine Market Upswing Hobbled By Government Austerity Drive

Perhaps the biggest story in the global wine industry so far this year was the news that the U.S. overtook France in 2013 to become the world’s largest wine market—but a close second would have to be the sudden and significant drop in wine consumption in China, linked to a new policy against intra-governmental entertaining. Continue reading →

Posted in News on August 19, 2014

Bright Food Reportedly Out Of Treasury Hunt

China’s Bright Food has reportedly taken itself out of the running to acquire Treasury Wine Estates. Continue reading →

Posted in News on August 5, 2014

U.S. Surpasses France As Top Global Wine Market, As China Suffers First Decline In Years

The U.S. overtook France as the world’s largest wine market last year, with volume up 1% to 329 million cases, according to Impact Databank. Continue reading →

Posted in News on May 14, 2014

News Briefs for March 24, 2014

•Mionetto USA has officially launched its revamped Luxury Collection of sparkling wines, news of which SND first reported March 4. Continue reading →

Posted in News on March 24, 2014

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