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Tag Archive: China

China’s Decline Hampers 2014 Bordeaux Wine Exports

China’s austerity crackdown and a sharply reduced 2013 wine grape harvest contributed substantially to Bordeaux wine sales sinking in 2014. Continue reading →

Posted in News on March 26, 2015

Wine Spectator: Will A Chinese Investor Buy A First-Growth Château?

China may be importing less Bordeaux wine, but Chinese investors are still looking for Bordeaux châteaus to buy. Continue reading →

Posted in News on March 13, 2015

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

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