Tag Archive: China
Diageo To Boost Shuijingfang Stake In $358M Deal
Diageo has received approval from Chinese authorities to acquire the remaining 47% stake in the holding company of upscale baijiu-maker Shuijingfang (SJF) that it didn’t already own. Continue reading →
Posted in News on July 23, 2013Rémy’s First Quarter Sales Strong In U.S., But China’s Weakness Leads To Decline
Rémy Cointreau enjoyed a “significant sales increase” across its U.S. business in the three months through June, its fiscal first quarter, but destocking in Asia weighed down its overall performance, as sales fell 2.3% to €264 million ($345m). Continue reading →
Posted in News on July 18, 2013News Briefs for June 14, 2013
•Upscale California winery Moone-Tsai, a brand known for its China-California connection, says its 2008 Napa Valley Cabernet Sauvignon was specifically requested to be among the wines served at last week’s two-day summit between President Obama and Chinese President Xi Jinping. Continue reading →
Posted in News on June 14, 2013Pernod Sees China’s Growth Slowing But Still Has Ambitious Goals For Market
Pernod Ricard believes that the explosive growth that has characterized China’s premium imported spirits category may be coming to an end, but the company still sees enormous upside in China—and is squarely focused on expanding its presence there. Continue reading →
Posted in News on May 28, 2013News Briefs for April 17, 2013
•California Governor Jerry Brown spearheaded a trade mission to China this month, aimed at adding momentum for Golden State wine exports to the world’s most populous nation. Continue reading →
Posted in News on April 17, 2013China Cuts Back On Big-Buck Bordeaux
The party’s over for Bordeaux first-growths in China. Continue reading →
Posted in News on April 15, 2013
