Eurostat, a Directorate-General of the European Commission, has released its preliminary figures on wine exports from eight European producing countries.
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Pernod Ricard, the world’s second-largest spirits group, reported revenue slump of 8.5% to €2.783 billion and a 5.9% organic decline for the first quarter of fiscal year 2025, as a challenging macroeconomic environment in China and ongoing inventory adjustments in the US contributed to an underwhelming performance.
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With a few importers now taking the plunge, Andrew Catchpole assesses the potential for Chinese wine in the UK.
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The US Department of Commerce (DOC) has announced preliminary anti-dumping duties on glass wine bottles from China, Chile and Mexico, with some duties reaching as high as 218.15%.
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Australian wine exports increased by 17% to AU$2.2bn in 2023-24, the highest since September 2021, while volume remained steady at 619 million litres, according to Wine Australia’s Export Report.
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Andrew Catchpole meets a boutique importer of high-quality Chinese wines which could change perception of this country’s winemaking abilities.
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Following a decline in global beverage alcohol sales in 2023 and tough trading conditions so far in 2024, IWSR has predicted a gradual recovery from 2025.
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Accolade Wines is currently in negotiations with Pernod Ricard regarding the sale of some of its assets, Harpers has learned.
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Burgundy has taken its first step on the road to gaining protection for its appellations in China, with recognition now officially in place for two of its top AOCs.
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The Chinese government has hinted at the imminent removal of punitive tariffs for the import of Australian wine which have cost the Australian wine industry around $1bn a year since 2020.
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China has launched an anti-dumping investigation into brandy imported from the European Union, chiefly France.
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Rathfinny Estate has announced a new partnership with leading Japanese importer Vin Passion, extending the producer’s reach in the Asia-Pacific region.
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India has emerged as a key volume driver for beverage alcohol, whilst China's growth has softened according to the latest IWSR analysis.
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OIV director general Pau Roca Blasco has presented an overview of the global wine market in 2022, delivered at the 44th World Congress of Vine and Wine taking place in Cadiz this week.
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China’s burgeoning wine industry is set for its next phase of evolution, with dozens of ‘new’ varieties in the offing, according to Christelle Chene, international affairs director at Xige Estate.
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A slew of Australian producers which have been forced to reorient themselves following China’s government-imposed trade tariffs were on show at Australia Trade Tasting (ATT) on Thursday, where a renewed ‘buyer-only’ mentality aimed to find new homes for wineries left with major holes in distribution.
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Multinational Pernod Ricard has posted record turnover from sales during the first half of the fiscal year (beginning July 2021), earning global revenues of €5,959m, with an organic growth of +17%.
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After almost 12 months of suspending its educational activities in China, the WSET confirmed today (January 5) that it has received state approval to resume teaching.
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The ongoing dispute between Australia and its longstanding trade partner is creating unprecedented opportunities for competing nations to increase their market share, according to Rabobank’s Q4 Wine Quarterly report.
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Demand for Champagne has risen dramatically in mainland China over the past 12 months, according to market expert Lei Meng.
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