March 07, 2013
China: Domestic Red Wine Faces Onslaught from Imports
Domestic red wine companies are seeing slumping profits, and some are turning a loss for the first time. Experts say that in addition to the falling price of wine, foreign imports are nabbing up market share through new sales strategies and superior marketing.
Domestic red wine companies are seeing slumping profits, and some are turning a loss for the first time. Experts say that in addition to the falling price of wine, foreign imports are nabbing up market share through new sales strategies and superior marketing.