On Saturday, Mr. St. Pierre presided over the opening of a five-story mansion in Shanghai's leafy former French Concession area dedicated to wine connoisseurship. ASC spent 28 million yuan ($4.5 million) on the sumptuous members-only club that was conceived when China's economy was booming.
Chateau de Pic in the Cadillac Cotes de Bordeaux, Chateau l'Enclos in Sainte Foy la Grande and Chateau Patarabet in Saint Emilion are the latest Bordeaux estates to reportedly pass into the hands of Asian investors.
Wine exports rose to 469 million liters (124 million U.S. gallons) in the year ending April 30, up 25 percent from the previous 12 months and more than triple the total shipped in 2000, data from the Wines of South Africa trade body, or WOSA, show.
Moet Hennessy, the wine and spirits division of the French luxury group LVMH, has launched a new winery in Deqin county, in Yunnan province, and officials said the company is planning to boost its presence further in China
Family Winemakers of California (FWC) and Stonebridge Research Group LLC have been awarded an Emerging Market Program grant from the U.S. Department of Agriculture to develop a roadmap on how to sell California fine wines in the Chinese market.
Through a cruel coincidence, the habitats of China's giant pandas also happen to be the country's best potential land for wine vineyards, and a turf war has started between the bear-protectors and the Bordeaux-pushers.
Children, I have two things to say to you. The first is that you shouldn't be reading this column, since our society believes in keeping young people away from alcohol until they're too old to learn to consume it moderately; the second is that if you ever doubt that you can make a thing true just by saying it with sufficient conviction, look at China.
Kweichow Moutai Company Limited (KMCL), a China-based state-owned enterprise specializing in the production and sales of Maotai or Baijiu liquor, is set to purchase Chateau Loudenne wine estate of France.