Made-to-order fake wine operation/ WHO calls for tax hikes on alcohol/ the big interview with EMW CEO

Hello, this is Natalie from Vino Joy News. This past week, we've curated a selection of articles that not only reflect current challenges and trends but also offer valuable insights for winery owners, merchants, and professionals like yourself. Here's a look at this week's critical developments:

WHO calls for tax hike on alcoholic beverages

The World Health Organization has proposed a controversial policy change: raising taxes on alcoholic beverages. This move, aimed at reducing alcohol consumption due to health concerns, could have far-reaching implications for the global wine market. We delve into the potential impacts and responses from the industry.

Chinese police busts a made-to-order fake wine operation

The recent bust of a fake wine operation by Chinese police highlights the ongoing challenge of counterfeits in our industry. Understanding these issues is crucial for protecting brand integrity and consumer trust.

The operation, which came to light in mid-November following a tip-off, revealed a sophisticated network of fraudsters who are adept at producing top Bordeaux including Chateau Lafite Rothschild and Chateau Mouton Rothschild of specific vintages on demand.

Nine best wine bars and restaurants in Shenzhen

Star Wine List, the award-winning guide to great wine bars and wine restaurants, has selected nine standout wine bars and restaurants in China’s southern boom city Shenzhen, as it launches its wine guide curated by Star Wine List’s ambassador for the region, Della Tang.

Be sure to check out the nine standout wine bars and restaurants if you are interested in gaining a foothold in the southern city.

The big interview with Olivier Six, CEO of EMW Fine Wines

I had the pleasure interviewing Olivier Six, CEO of one of the most important wine importers in China, EMW Fine Wines, as it celebrates 20th anniversary.

Little known fact: Six ascended to the role of CEO during the tumultumous months of the pandemic, a moment that was as daunting as it was defining. "The crisis CEO" defied odds and managed to lead the company to deliver its best performance IN EMW HISTORY in the midst of the pandemic in 2021. Quite a tremendous feat if you ask me.

In the interview he reflects on the company's journey and how it managed to deliver its best year in history.

Chinese wine industry struggles for recovery amidst plummeting profits

China's wine industry, grappling with the aftermath of the pandemic, faces a sharp decline in profitability, with domestic companies and imported wine markets experiencing significant downturns.

Despite slight improvements in 2022, challenges such as stiff competition and changing consumer habits continue to hinder recovery. Our story this week examines the struggle of China's wine sector to rebound, highlighting industry efforts to adapt and evolve in a rapidly changing market landscape.

Other Top Stories:

Bordeaux exports to China hit record low

Michel Rolland and Javier Galarreta taking a strong stand for Spain

Taiwan firm embroiled in multi-million dollar wine-related financial fraud