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Tag: wines

  • NSW Wine names new CEO, Matthew Jessop

    NSW Wine names new CEO, Matthew Jessop

    Matthew Jessop has been named the CEO of NSW Wine after an extensive search.

    Jessop has a background in international trade, industry development and business and is the co-owner of a small family wine business in NSW.

    He has also worked with the NSW department of trade and investment, the NSW treasury, and the NSW Department of Industry and managed other multinational trade and investment teams in Asia and the Middle East.

    “We are confident that Matthew’s passion for the wine industry and his demonstrated past achievements, commitment, and vision will continue to take the NSW wine industry forward,” the organisation said a statement.

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  • MadFish Wines marks 30 years with label revamp

    MadFish Wines marks 30 years with label revamp

    MadFish Wines has unveiled a bold and colorful new label to celebrate the brand’s 30th anniversary.

    Designed by South West multi-disciplinary visual artist Kyle Hughes-Odgers, known for using bright colors and bold shapes inspired by nature, the new label features an abstract interpretation of the region’s coastline with a color palette that combines both land and sea.

    Launched in 1992, the brand’s quirky name was inspired by winemaker Jeff Burch’s love of the South West coastline, where two opposing tides collide, causing schools of fish to jump like “mad”. According to the company, the coastal location of MadFish also adds a fresh, crisp flavor to the wines.

    “Being so close to the South West coastline provides us with ideal conditions to both grow grapes and enjoy the surf,” Burch said.

    “Although the landscape here is rough and rather dramatic, the wines that are born from it are surprisingly smooth and refined, yet still possess the beautiful liveliness of the region. It is exciting to see how Kyle has captured this unique feel through his designs.”

    The brand’s range features a collection of wine varieties, including bright and refreshing Prosecco; approachable whites like the Chardonnay, Riesling, and Sauvignon Blanc Semillon; food-partner Rose; and rich, juicy reds like Pinot Noir, Grenache, Shiraz, and Cabernet Melot.

    In line with the label revamp, the brand has also redesigned its website with the same aesthetics. In addition, the wines, under new winemaker Nic Bowen, will be made vegan from 2021 and beyond.

    MadFish Wines is available for RRP $18 available online and in liquor stores nationwide.

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  • Naked Wines about to sell all UK stores

    Naked Wines about to sell all UK stores

    Majestic Wine is reportedly looking to sell its entire UK retail portfolio to focus on its international e-commerce business, Naked Wines.

    Bankers at Rothschild have been contacting private equity firms to buy the British bricks-and-mortar business, which includes around 200 stores, on behalf of the retailer, according to Sky News.

    Majestic Wine acquired Naked Wines in 2015, and appointed the e-commerce company’s founder, South African entrepreneur Rowan Gormley, as CEO of the entire company. Naked Wines now operates in Australia, the UK and the US.

    Gormley told investors last month that Majestic would present a transformation plan in June, which would include growing the Naked Wines business by releasing capital in Majestic. The brands were to be combined into a single management team under the banner of Naked Wines plc.

    “It is clear Naked Wines has the potential for strong sustainable growth and a transformed Majestic business does have the potential to be a long-term winner,” Gormley said at the time.

    “But we risk not maximising the potential of Naked if we try to do both.”

    Gormley said the business would minimise job losses by migrating employees at the closed stores to the revised Naked brand.

    A spokesperson for Majestic told the combination of migrating existing customers to the Naked brand, selling assets and closing stores would lead to the business becoming an “out-and-out growth business”.

    According to Majestic, almost 45 per cent of its business now takes place online, and 20 per cent internationally, providing further growth opportunities should further focus be centered on these areas.

    The spokesperson said that “while a total sale of Majestic Retail continues to be a potential option, it would be wholly unwise to pursue a single-track process and materially limit the potential value that can be realised to drive growth.”

    Naked Wines Australia has been contacted for comment.

  • DFS Celebrates Eighth Prestigious Masters of Wines and Spirits in Singapore

    DFS Celebrates Eighth Prestigious Masters of Wines and Spirits in Singapore

    DFS Group (DFS), the world’s leading luxury travel retailer in partnership with Changi Airport Group (CAG) hosted its eighth annual edition of the prestigious Masters of Wines and Spirits in Singapore on Saturday, March 23 and Sunday, March 24. The highly-anticipated event showcased a curated collection of 140 of the rarest and finest whiskies, wines, Cognacs and Champagne from around the world.

    The 2019 edition of Masters of Wines and Spirits was hosted at Singapore’s state-of-the-art complex, Infinite Studios. The event brought together over 1,000 local and international guests to celebrate DFS’ global travel retail leadership and innovation and their relationships with some of the world’s top wine and spirit houses. Guests were invited on an immersive and interactive journey to discover each of the brands through engaging video art installations and digital projections and an exploration of a wide variety of unique tasting experiences.

    This year’s edition of Masters of Wines and Spirits explored the theme of “Masters at Work” – an homage to those who have acquired complete knowledge or skill in a subject, technique or artform and whose passionate commitment to their task continues to raise the bar for all others in the field. During the weekend, DFS celebrated six masters across a spectrum of backgrounds including Brooke Supernaw of DFS as Master of Curation, Ewan Gunn of Diageo as Master of Whisky, Sarah Burgess of The Macallan as Master of Malt, Fabrice Papin of Château Lafite Rothschild as Master of Wine, Hidetsugu Ueno of Bar High Five as Master of Cocktails, and DJ Arthur Bray as Master of Music.

    The event also featured four exceptional masterclasses to inspire and delight guests. Masters of Malt hosted by Sarah Burgess, Whisky Maker at The Macallan, saw guests taste premium and exclusive products such the Macallan Enigma and Macallan M Decanter. Masters of Wine hosted by Fabrice Papin, International Brand Ambassador of Château Lafite Rothschild took guests through a full-range tasting of eight different Domaines Barons de Rothschild Châteaux wines. Masters of Blending hosted by Ewan Gunn, Global Whisky Master at Diageo, saw guests taste Coal Ila 35 year-old, Port Ellen 39 year-old and Johnnie Walker Blue Ghost and Rare.  Masters of Cocktails presented by Japanese mixologist and Spirited Awards World’s Best Bartender in 2016, Hidetsugu Ueno, took guests on a journey through the Japanese craft of spirits and a cocktail making session featuring whisky, sake and gin.

    “This year’s Masters of Wines and Spirits once again showcases the extensive expertise of DFS’ merchant team in curating a world-class, bespoke collection and bringing together the world’s most sought-after wines and spirits and their brand ambassadors,” said Brooke Supernaw, DFS Group’s Senior Vice President Wines, Spirits, Tobacco, Food and Gifts. “Our ability to present such an unrivalled and illustrious assortment of highly collectable and exclusive products would not be possible without the longstanding partners and relationships we hold dear.”

    “Changi Airport is honored to host the latest annual edition of the Masters of Wines and Spirits here in Singapore. Through our long-term partnership with DFS, we strive to delight our passengers with unique experiences and look forward to showcasing another outstanding and rare collection that can only be found at Changi,” said Teo Chew Hoon, Group Senior Vice President for Airside Concessions, Changi Airport Group.

    The 140-piece strong curation – featuring collectable items such as the oldest whisky ever released by The Macallan family, The Macallan 72 Year Old in Lalique – The Genesis Decanter; a set of three extremely rare vintages, The Château Lafite Rothschild Double Magnum Collection; and one of 1,500 bottles produced from the owner’s original stocks – Port Ellen’s 39 Year Old. The collection will also be showcased and celebrated at Changi Airport through a series of activations at Terminals 2 and 3 until the end of April.

    DFS’ Masters of Wines and Spirits 2019 Collection

    More than 80 Cognacs and Whiskies make up this year’s collection and include The Dalmore Constellation Vintage 1973 Drinking Cabinet, a very special bespoke and handcrafted cabinet commissioned by Richard Paterson, containing The Constellation Vintage 1973 (cask no.10). The Bunnahabhain 39 Year Old Spanish Octave Finish, an exclusive limited edition piece that forms part of the new Bunnahabhain Element Series which is crafted around the importance of various elements impacting on the character of each Bunnahabhain whisky, and the DFS Exclusive, Caol Ila 35 Year Old boasting a fine freshness, cleanliness and precision for its age.

    The Glenfiddich 45 Year Old, an exclusive blend for DFS Masters of Wines and Spirits, honors a whisky-making tradition dating back to 1887 and is a true reflection of the passion and innovative spirit passed down through all five generations of the Grant family. Possibly the last ever cask of Karuizawa Single Malt to be bottled in Japan is the Karuizawa Single Cask 1995. Port Ellen 39 Year Old is an elegant complex 39 year old Single Malt Whisky, unlocked from the heart of Port Ellen and is expertly married from a selection of ex-Bourbon and ex-Sherry refill casks.

    Macallan presents The Macallan 72 Year Old In Lalique – The Genesis Decanter, the oldest whisky ever released by the Macallan family in commemoration of the opening of its new Distillery and Visitor Experience. Presented in a bespoke limited-edition crystal decanter handcrafted by Lalique, this exceptional whisky celebrates the collaboration of masters from across the fields of whisky, crystal, architecture, construction and craftsmanship. Also from the Macallan family comes The Macallan Fine & Rare Decades Collection. Created exclusively for DFS, the collection features five Fine & Rare vintages from 1938, 1947, 1954, 1965, 1976, each drawn from a single unique cask, denoting key historical events for the year.

    From the world of wine, DFS presents more than 60 collections including The Château Lafite Rothschild Double Magnum Collection, a rare opportunity to collect three of the great vintages produced by the estate in big formats and The Château Mouton Rothschild Magnum Collection, a unique six-vintage magnum set of exceptional vintages from 1988 to 2009.

    The Penfolds 2015 Bin 707 Cabernet Sauvignon Imperial is one of the world’s most iconic Cabernet Sauvignons and a true representation of the Penfolds ‘House Style’ and has shown its ability to age with grace and finesse since the first vintage in 1964. All great wines begin with a great site, and the Continuum Tim Mondavi Library Vertical Selection is a unique collection offering an opportunity to enjoy a vertical flight of Continuum vintages from 2010 through 2015.

    Giving reason to celebrate is the Rare Le Secret Magnum Vintage 1997 With Emerald, Ruby, Sapphire. Inspired by the muse of both Maisons, Marie- Antoinette, Queen of France, Rare Le Secret  High Jewellery is royally embellished with a one- carat precious stone, interwoven golden bands set with 510 diamonds. Presented in a majestic box, this spectacular edition has been for more than 20 years in the cellar of Régis  Camus,  Rare  Champagne’s Cellar Master.

    DFS Masters of Wines and Spirits is part of the DFS Masters Series, a signature program of exhibitions around the world. The Masters Series is a showcase of the pinnacle of DFS’ leadership and innovation in curating and creating exceptional experiences across its five pillars of luxury: Wines and Spirits, Beauty and Fragrances, Watches and Jewelry, Fashion and Accessories, and Food and Gifts.

    The full 2019 Masters of Wines and Spirits Collection will be available for purchase at Singapore’s Changi Airport from March 25. A smaller, curated collection will be available later in year at T Galleria by DFS in Hong Kong and Macau.

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  • DFS to Celebrate Eighth Prestigious Masters of Wines and Spirits Event in Singapore

    DFS to Celebrate Eighth Prestigious Masters of Wines and Spirits Event in Singapore

    DFS Group (DFS), the world’s leading luxury travel retailer, in partnership with Changi Airport Group, will host its eighth annual Masters of Wines and Spirits event in Singapore at the end of March. The most celebrated and prestigious event in the industry, Masters of Wines and Spirits will showcase a curation of 140 of the rarest and finest whiskies, wines, Cognacs and Champagne from around the world, all under one roof.

    The 2019 edition of Masters of Wines and Spirits will take place on Saturday, 23 March and Sunday, 24 March, bringing together esteemed guests from around the world. The event is an annual testament to DFS’ leadership in global travel retail, as well as highlighting the expertise of DFS’ merchants who spend a year of extensive research to selectively curate a world-class, bespoke collection of wines and spirits.

    Hosted at Infinite Studios, Singapore’s state-of-the-art studio, this year’s edition of Masters of Wines and Spirits explores the theme of “Masters at Work” – an homage to those who have acquired complete knowledge or skill in a subject, technique or artform and whose passionate commitment to their task continues to raise the bar for all others in the field. DFS celebrates six masters across a spectrum of backgrounds. Guests will be taken on an interactive and immersive journey through activations and experiences that explore each brand’s heritage and which ignite the senses.

    The six “Masters at Work” comprise: Brooke Supernaw of DFS as Master of Curation, Ewan Gunn of Diageo as Master of Whisky, Sarah Burgess of The Macallan as Master of Malt, Fabrice Papin of Château Lafite Rothschild as Master of Wine, Hidetsugu Ueno of Bar High Five as Master of Cocktails and DJ Arthur Bray as Master of Music.

    “The eighth edition of Masters of Wines and Spirits will showcase another outstanding collection of more than 140 masterpieces from 60 of the world’s most legendary wine and spirits houses,” said Brooke Supernaw, Senior Vice President Spirits, Wine, Tobacco and Gifts, DFS Group. “Here at DFS, we take pride in curating an ever-growing collection of wines and spirits that become more exclusive, bespoke, rare or limited-edition each year, and which capture the heritage and craftsmanship of each brand.”

    The 140-piece strong curation – featuring collectable items such as the oldest whisky ever released by The Macallan, The Macallan 72 Year Old in Lalique – The Genesis Decanter; a set of three extremely rare vintages, The Château Lafite Rothschild Double Magnum Collection; and an exceptionally unique bottle produced from the owner’s original stocks – Port Ellen’s 39 Year Old. The collection will also be showcased and celebrated at Changi Airport through a series of activations at Terminals 2 and 3 until the end of April.

    DFS’ Masters of Wines and Spirits 2019 Collection

    More than 80 Cognacs and Whiskies make up this year’s collection and include The Dalmore Constellation Vintage 1973 Drinking Cabinet, a very special bespoke and handcrafted cabinet commissioned by Richard Paterson, containing The Constellation Vintage 1973 (cask no.10). The Bunnahabhain 39-Year-Old Spanish Octave Finish, an exclusive limited edition piece that forms part of the new Bunnahabhain Element Series which is crafted around the importance of various elements impacting on the character of each Bunnahabhain whisky, and the DFS Exclusive, Caol Ila 35 Year Old boasting a fine freshness, cleanliness and precision for its age.

    The Glenfiddich 45-Year-Old, an exclusive blend for DFS Masters of Wines and Spirits, honors a whisky-making tradition dating back to 1887 and is a true reflection of the passion and innovative spirit passed down through all five generations of the Grant family. Possibly the last ever cask of Karuizawa Single Malt to be bottled in Japan is the Karuizawa Single Cask 1995. Port Ellen 39-Year-Old is an elegant complex 39 year old Single Malt Whisky, unlocked from the heart of Port Ellen and expertly married from a selection of ex-Bourbon and ex-Sherry refill casks.

    Macallan presents The Macallan 72-Year-Old In Lalique – The Genesis Decanter, the oldest whisky ever released by the Macallan family in commemoration of the opening of its new Distillery and Visitor Experience. Presented in a bespoke limited-edition crystal decanter handcrafted by Lalique, this exceptional whisky celebrates the collaboration of masters from across the fields of whisky, crystal, architecture, construction and craftsmanship. Also from the Macallan family comes The Macallan Fine & Rare Decades Collection. Created exclusively for DFS, the collection features five Fine & Rare vintages from 1938, 1947, 1954, 1965, 1976, each drawn from a single unique cask, denoting key historical events for the year.

    From the world of wine, DFS presents more than 60 collections including The Château Lafite Rothschild Double Magnum Collection, a rare opportunity to collect three of the great vintages produced by the estate in big formats and The Château Mouton Rothschild Magnum Collection, a unique six-vintage magnum set of exceptional vintages from 1988 to 2009.

    The Penfolds 2015 Bin 707 Cabernet Sauvignon Imperial is one of the world’s most iconic Cabernet Sauvignons and a true representation of the Penfolds ‘House Style’ and has shown its ability to age with grace and finesse since the first vintage in 1964. All great wines begin with a great site, and the Continuum Tim Mondavi Library Vertical Selection is a unique collection offering an opportunity to enjoy a vertical flight of Continuum vintages from 2010 through 2015.

    Giving reason to celebrate is the Rare Le Secret Magnum Vintage 1997 With Emerald, Ruby, Sapphire from Piper-Heidsieck. Inspired by the muse of both Maisons, Marie- Antoinette, Queen of France, Rare Le Secret High Jewellery is royally embellished with a one- carat precious stone, interwoven golden bands set with 510 diamonds. Presented in a majestic box, this spectacular edition has been for more than 20 years in the cellar of Régis Camus, Rare  Champagne’s Cellar Master.

    DFS Masters of Wines and Spirits is part of the DFS Masters Series, a signature program of exhibitions around the world. The Masters Series is a showcase of the pinnacle of DFS’ leadership and innovation in curating and creating exceptional experiences across its five pillars of luxury: Wines and Spirits, Beauty and Fragrances, Watches and Jewelry, Fashion and Accessories, and Food and Gifts.

  • Wines and spirits hiccup for LVMH luxury business

    Wines and spirits hiccup for LVMH luxury business

    It has been a bubbly nine months for the LVMH luxury business – with the exception of its wines and spirits division, which was hampered by supply constraints.

    Revenue grew by 14 per cent for the period to reach €30.1 billion (US$35.4 billion).

    With organic revenue growth of 12 per cent, the third quarter continues the trend for the year, says the group. The revenue increase was despite a negative currency impact of 5 per cent and a positive structural impact of 7 per cent, reflecting the integration of Christian Dior Couture.

    All business groups recorded double-digit organic growth, with the exception of wines and spirits where growth was 8 per cent. Champagne volumes were up 4 per cent, with particularly strong demand in Europe and Japan. Hennessy cognac had a volume increase of 9 per cent despite a third-quarter decline related to limited supply.

    LVMH’s selective retailing business group had organic revenue growth of 12 per cent. Online sales grew at a steady pace, and DFS had sustained growth, particularly in Hong Kong and Macau. The T Galleria store in Cambodia has also developed well, says the group.

    Organic growth of 14 per cent was recorded by the fashion and leather goods business group. It attributes this to innovation, such as the launch of Louis Vuitton’s first smartwatch.

    “The qualitative development of the distribution network continues, as illustrated by the opening of the Maison Louis Vuitton Vendome in Paris, which brings together under one roof all the savoir-faire of the maison,” says the group.

    Highlights during the period included Fendi opening stores in the US and Rimowa being consolidated. Donna Karan was sold at the end of last year.

    There was also 14 per organic growth in perfumes and cosmetics. Perfumes benefitted from the launch of the eau de parfum Miss Dior. Guerlain rolled out Mon Guerlain fragrance internationally, and Fenty Beauty by Rihanna had an “exceptional” start.

    Watches and jewellery had 13 per cent organic revenue growth, with Bulgari achieving “a remarkable performance” with the rapid growth of its signature jewellery collections Serpenti, Diva and B.Zero1.

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  • Accolade to showcase new Aussie wines in Singapore

    Accolade to showcase new Aussie wines in Singapore

    Accolade Wines will be introducing an enhanced portfolio to visitors at the upcoming TFWA Asia Pacific Exhibition (Basement 2, J5) following the acquisition of six wine brands from Australia: Petaluma, Croser, St Hallett, Knappstein, Stonier and Tatachilla.

    These newly introduced brands reside in some of Australia’s most renowned wine regions, including Adelaide Hills, the Barossa Valley, McLaren Vale and the Mornington Peninsula.

    Rupert Firbank, Commercial Director, Accolade Wines, comments: “We have been experiencing significant growth in global travel retail and domestic markets over the past six years.

    “This has been supported through the acquisition of up-and-coming brands that have allowed us to expand our global footprint and add a great breadth to our portfolio.

    HARDYS APPROACHES 165TH BIRTHDAY

    “Our previous acquisitions of Geyser Peak in the United States, Grant Burge Wines in Australia, Mud House in New Zealand and Vina Anakena in Chile have been hugely successful, so we are confident that these new additions will add another dimension for our customers.

    “TFWA Asia Pacific Exhibition & Conference is the ideal opportunity to introduce these new wines to our Asian partners.

    “Being able to sit down face-to-face with them makes a big difference in being able to fully explain the story behind each brand. We invite visitors to the show to come and experience our exciting new wines and our current brands, most notably Hardys wine which is fast approaching its 165th birthday.

  • DFS To Host Sixth Edition of the Prestigious Masters of Wines and Spirits in Singapore

    DFS To Host Sixth Edition of the Prestigious Masters of Wines and Spirits in Singapore

    This March, DFS Group (DFS), the world’s leading luxury travel retailer, in partnership with Changi Airport Group, will host its sixth annual Masters of Wines and Spirits in Singapore. The most celebrated event of its kind in the industry, Masters of Wines and Spirits showcases DFS’ global travel retail leadership, innovation and unique ability to assemble bespoke collections of wines, spirits and their leading producers, as well as the expertise of its own in-house specialists.

    “We are thrilled to return to Singapore for our sixth Masters of Wines and Spirits this March and deliver another exceptional collection of the world’s finest and rarest wines and spirits,” said Philippe Schaus, DFS Chairman and Chief Executive Officer. “This year’s exclusive collection has been globally sourced and carefully curated by our expert merchants at DFS to inspire and excite both novice and seasoned collectors. At the core of this portfolio lies an unwavering passion for the intricate composition of a bottle and for the unforgettable moments each offering is sure to create.”

    More than 60 of the finest Cognacs, wines and whiskies from over 50 legendary houses will be unveiled during the Masters of Wines and Spirits private event, to be held at selected shophouse venues along Singapore’s historic Tras Street on Saturday, March 25, 2017. As well as being the first to view the collection, VIP guests will be given the opportunity to interact with brand ambassadors while delving into the creation of each bottle in a master class format which will take them around the world in a virtual experience.

    “The collection captures the heritage and craftsmanship of our selected brands, and is a true reflection of DFS’ long-standing relationships with these exceptional houses. Masters of Wines and Spirits provides access to prominent producers and their in-depth knowledge, and of course their limited edition products, many of which are extremely rare or one-of-a-kind exclusives to DFS that represent the ultimate expressions in Cognacs, wines and whiskies,” added Brooke Supernaw, Senior Vice President Spirits, Wines and Tobacco, DFS Group.

    Master Class Event

    The Masters of Wines and Spirits event will feature four exceptional master classes to inspire and enrich the experience for guests. In honor of his 50th year in the whisky industry, Richard Paterson, Master Blender of The Dalmore will host a bespoke tasting showcasing The Dalmore’s rich heritage and artistry. Frederic Dezauzier, Global Brand Ambassador of CAMUS, will introduce guests to the smallest and rarest cru in the Cognac region: Borderies, providing a unique tasting experience featuring a selection of CAMUS Borderies Single-Cru Cognacs, including a Borderies Vintage and an exclusive Borderies blend that has never been released. Then, travel through time with Thibault Pontallier, Château Margaux Asia Ambassador, who will conduct a vertical tasting across decades of Château Margaux, including the 1990 vintage of Château Margaux.

    The fourth Master Class will be a Whisky Panel by The Whiskey House, entitled Innovations of Today Shaping the Heritage of Tomorrow. The theme of heritage in the world of whiskies will be discussed with Brian Kinsman, Malt Master at Glenfiddich, David Charles Stewart, Malt Master at The Balvenie, Mike Miyamoto, Global Brand Ambassador for Hibiki, and Brendan McCarron, Head of Maturing Whisky Stocks at Glenmorangie. This will be moderated by DFS’ own Director of Spirits, Frederik Vanden Bulcke.

    The Collection

    Twenty-seven Cognacs and whiskies include the LOUIS XIII Le Mathusalem, which showcases the world’s first 6L crystal decanter for cognac, CAMUS Rarissimes 65 YO, an exclusive blend for DFS that is composed from the finest eaux-de-vie, Martell Grand Champagne 1920, a very rare first time release since The House of Martell was founded in 1715.

    Making its official debut outside Japan for the first time is the Hibiki 35 YO Arita-Yako and Kutani-Yaki limited editions, a blend of carefully selected malt whiskies aged from 35 to 54 years, and grain whiskies aged over 35 years. From the world of Scotch Single Malts, the Bruichladdich Special Release showcases some of the brand’s oldest and finest whiskies, Glenfiddich Rare Collection 1972, a sublime and precious 44-year old malt (hand-picked for DFS’ Masters of Wines and Spirits), Glenmorangie Pride 1974, Glenmorangie’s rarest, oldest and deepest whisky, carefully selected from the oldest whisky stocks, The Dalmore 50 YO, a commemorative bottling uniquely finished in Champagne casks, and The Macallan Fine & Rare Treasury Collection, a rare collection of  30 vintages in a bespoke cabinet created exclusively for DFS.

    Over 25 prestige wines and Champagnes are showcased in this year’s collection. Amongst these are outstanding bottles from the Champagne and Bordeaux region such as the Pyramid of Château Margaux 1990 Vintage, a collection of four bottles from the year’s vintage earning the coveted 100 points score from Robert Parker. Recently released from the Château cellar in 2016, the Château Lafite Rothschild 1982 Vintage Imperiale is a unique wine offering with an extraordinary nose of caramelized herbs, smoke and cedar, available in a 6L format. Château Mouton Rothschild 18 Vintages includes extraordinary vintages from 1994 to 2012. Only three series were produced exclusively for Masters of Wines and Spirits, and they are specially packed in individual one bottle cases. Dom Pérignon Malle P2 offers the full history of the Sécond Plénitude of Dom Pérignon – the ultimate collection of the ultimate Champagne. With two bottles from each of the 10 vintages, the buyer will also receive an invitation to a private tour of Hautvillers in Champagne, where Maison Dom Pérignon is located.

    Available for the first time for sale by a retailer, Masi 5 Vintages of Amarone Costasera is a presentation case of five vintages of Costasera Amarone Classico, Masi’s flagship wine, along with a beautifully designed timepiece made with 100-year old wood once used for maturing Costasera wine. Penfolds 2012 Bin 707 Cabernet Sauvignon Imperial brings an opportunity for oenophiles and aviation enthusiasts to own 10 limited edition bottles released to commemorate Boeing’s 100th year.

    Following the Masters of Wines and Spirits gala event on March 25, the Masters of Wines and Spirits curated collection will be available for travelers and shoppers at DFS, Singapore Changi Airport’s Wines and Spirits Duplexes at Terminals 2 and 3.

    DFS Masters of Wines and Spirits is part of the DFS Masters Series, a signature program of exhibitions that also includes the highly-anticipated Masters of Time set to take place in Macau this December. The Masters Series is a showcase of the pinnacle of DFS’ leadership and innovation in curating and creating exceptional experiences across its five pillars of luxury: Wines and Spirits, Beauty and Fragrances, Watches and Jewelry, Fashion and Accessories, and Food and Gifts.

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  • Fine wines languishing in China warehouses as demand cools

    Fine wines languishing in China warehouses as demand cools

    Importers of fine wines are cutting the prices of their products by as much as three-quarters amid a drop in demand.

    The fire sales are prompted by a huge oversupply of wine that had built up after a swarm of importers jumped at seemingly stellar growth from 2010.

    China wine consumption, which had been rising in double digits, dropped last year and is set to inch up just over 1 percent annually until 2020, Reuters reported.

    The striking slowdown is a headache for a global wine industry pinning hopes on fast China growth, and a further sign that Chinese consumers are reining in spending even as Beijing hopes they will pick up the slack from falling exports.

    “When we started there was huge demand so we could control prices, big margins no problem,” said Xavier Grangier, sales director at logistics firm Europasia, which runs a  4,000 square meter Shanghai warehouse storing 250,000 bottles of mostly European wine.

    Now, his firm has had to lower some prices and been stuck with some wine it is unlikely to sell.

    “In Shanghai alone, 2,000 firms in the wine business just vanished over the last couple of years,” he added.

    China’s retail wine market is worth around 78 billion yuan (US$12.36 billion), with imports making up around a third, according to a 2015 report from wine data analytics firm IWSR.

    While official retail sales figures have been a rare bright spot amid a stream of economic data showing China’s economy faltering, private sector surveys have shown consumer sentiment plumbing record lows in recent months.

    A crackdown on corruption now in its third year has also discouraged conspicuous consumption, hitting not just wine but also sellers of other luxury goods from LVMH and Burberry to global auto makers.

    “In 2010 everyone was screaming from the rooftops that China was the El Dorado for wine and you could become a millionaire by jumping into the business,” said Pierrick Fayoux, Shanghai-based marketing manager at French wine importer VGF China Ltd.

    “Now wine is being sold below cost, some is going bad sitting for long periods in poorly maintained warehouses and decent Bordeaux wines are going for 15 yuan a bottle.”

    To be sure, China’s wine industry has long-term potential: the market is already the world’s fifth largest, but with only 38 million wine drinkers — mostly in big cities such as Shanghai, Beijing and Tianjin — among a population of 1.4 billion, annual consumption per capita is only 5.8 liters, a fraction of the 50 liters consumed in France.

    For now though, the inventory overhang and the downward pressure on prices is making it hard to turn a profit.

    Even China’s biggest wine importer, ASC Fine Wines, has trimmed prices and taken a hit to its margins, a person with direct knowledge of the firm’s operations told Reuters.

    ASC, owned by Japan’s Suntory Beverage & Food Ltd., said the wine market was in a new slower stage of growth and that consumers were increasingly “price-conscious”.

    “We are expanding our entry-level wine selections to meet the changes in consumer demand,” said ASC’s chief executive officer Bruno Baudry in emailed comments to Reuters.

    The squeeze on prices could be better news for more affordable New World wines, with countries such as Chile and South Africa already taking more market share with wines under 100 yuan.

    “There is still demand for imported wine, but not the same wines,” said Guillaume Deglise, chief executive of Vinexpo, which organizes wine fairs to help introduce producers to China buyers.

    “Before it was mostly the luxury end of the business — up-market wines from Bordeaux. Now it’s the entry-level market.”