WINE TRADE

Moët Hennessy Champagne attains a turnover plus thanks to Japan

FRANCE (Reims) – During the first quarter of 2014, the Moët Hennessy champagne house achieved to increase its turnover. The only reason for this were the markets outside Europe. The LVMH luxury giant, which also owns Moët Hennessy, most recently announced a turnover increase of three percent in volume for the first three months of 2014 compared to the same period in 2013.

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Whoever wants to conquer China’s wine market has to go online

CHINA (Beijing) - Even though domestic brands are still holding the majority the market shares, wine producers from abroad are gaining more and more foothold on the fastest growing wine market in the world. Smartphones...

Bordeaux exports to China are in decline

FRANCE (Bordeaux) – The Chinese’s reluctance concerning wine imports from Bordeaux, which was already noticed in 2012, are continuing; that’s what the Conseil Interprofessionnel du Vin de Bordeaux ((CIVB) has...

Summergate and Pudao Wines are looking for external investors

CHINA (Shanghai) – Summergate, a wine trader from Shanghai, is currently negotiating with potential investors so as to generate capital for its maintenance and growth. Ian Ford, general manager of the company, confirms...

Bremer Ratskeller: 150,000 euro bargain for a „1653 wine”?

GERMANY (Bremen) – Karl-Josef Krötz, master cellarer of the Bremer Ratskeller, had some stressful weeks since it was announced that Huang Nubo, a Chinese billionaire, had offered to pay 150,000 euro for a single bottle...

Munich Wine Islands: „Open Cellars“

GERMANY (Munich) – A young employee of a wine shop is shaking up Munich’s wine scene. Nicola Neumann, responsible for marketing and distribution at Noble Wine (a top address for Pinot and Champagne, German top wines...

Prices for German Rieslings will increase

GERMANY (Mainz) – Due to the poor 2013 yield, the prices for German Rieslings will increase in 2014. According to estimations of the Deutsche Wein Institut (DWI, German Wine Institute), the total production of Riesling...

Bibendum Wine sells its private customers

UK (London) – The British Bibendum Wine Ltd wine trading house has parted with its private regular customers. The customers will be taken over and supported in the future by Cru London Ltd., which was founded by Simon...

Hong Kong’s love affair with Burgundy, Spain and Italy

CHINA (Hong Kong) – Bordeaux wines are still the Chinese’s favorites but the demand for Burgundy wines are considerably increasing. This could be noticed at the Hong Kong International Wine & Spirits Fair at the...

Price fight about champagne for Christmas begins

UK (London) - The British markets are the first ones in Europe to open this year’s price fight about champagne for Christmas time – and it’s to become harder than past year. This is the estimation of the wine...

Die DOCa Rioja increases its wine exports

SPAIN (Logrono) – Spain’s economic crisis has for long been forcing the domestic producers to canvass wine drinker on abroad markets, which they apparently are achieving. Exports from the Rioja region increased by 7.7...

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