WINE TRADE

Antique Wine Company expanding despite multi-million dollar lawsuit

UK (London) – The London-based Antique Wine Company (AWC) is facing a multi-million dollar lawsuit while at the same time the company is expanding on its most important market in Asia. Jean-Philippe Guillot, who before had established the distribution network for Bordeaux wine magnate Bernard Magrez in this region, has just been hired. Mr. Guillot is to care about private customers and distribution in Asia, above all on the Philippines.

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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...

Small cheer for high-end wine sales during economic slump

CHINA (Peking) - Sales of high-end imported wines have cooled because of China's slowing economy and the government's crackdown on lavish spending with public funds, industry insiders said after the three-day...

The market for fine wines remains fragile

UK (London) – The majority of the wine traders registered at the London LIV-EX believes the prices for the fine wines registered there to increase by the end of the year. In contrast, experts among investors are warning...

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