Posts Tagged: china

China boosts Penfolds owner Treasury Wine Estates – figures

Penfolds

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Selling more wines in China, and across Asia more generally, has helped to buoy Treasury Wine Estates in the first half of its financial year as it has cut down on less profitable parts of the markets in the UK and US – with global group profits also up strongly for the six months.

China Finally Agrees to Give Bordeaux Respect

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There is cause for celebration among the top wine producers in the prestigious Bordeaux region of France, a tract that many collectors, investors and oenophiles agree produces the finest, most exquisite and certainly the most desired wines among all its competitors.  Why?  China, a huge player in the all-important, tremendously influential Asian wine market, has, after many years of discussion (plus a few more laden with pressure from the Bordelais) agreed to grant Bordeaux the status of a registered Geographical Indication, or GI.  The decision finally came after months of analysis by the Chinese  General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ).  Officials from the AQSIQ are expected to recognize 45 Bordeaux appellations within the next two months, inspiring a strong sigh of relief among the Bordelais.

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