South Africa saw its wine export sales fall last year amid softening consumption and macroeconomic challenges. However, officials talked up a strategy of prioritising value over volume sales. A new export report from industry bodies Wines of South Africa (WoSA) and South Africa Wine (SAW) shows the value of exports, when measured in rands, dropped 4.7% last year to R9.8bn ($607.6m). The value of exports in US dollars reached $548.5m, a 2.4% decline on 12 months earlier. In 2024, South Africa reported a ...

张裕A、张裕B公告称，为回馈股东、提升"长尾猫"产品认知度，将面向2025年11月26日收市后在册股 东开展活动。活动时间为2026年1月27日至2月10日，包括大转盘抽奖（100%中奖）和视频发布激励。 公司将通过小程序和精准消息触达股东。大转盘设五个等级兑奖券，视频发布激励按点赞、评论量及话 题排名设三等级奖项。奖品有长尾猫产品礼品卡等，视频发布激励奖品在活动结束后15个工作日内审核 发放。 ...

Core Viewpoint - President Trump's potential imposition of tariffs on European wines could significantly impact the U.S. wine industry, affecting both importers and domestic producers, while also raising concerns about the overall economic implications of such tariffs [1][2][3]. Industry Impact - The U.S. wine market consumed nearly 900 million gallons in 2023, valued at over $107 billion, with more than a third of that volume imported from abroad, making tariffs a critical issue for importers [1][2]. - Domestic wine distributors and importers derive approximately 75% of their revenue from imported wines, indicating that tariffs could severely disrupt their business models [1][2]. - California wineries, which produce nearly 90% of U.S. wine, are currently facing significant challenges, including over 500,000 excess tons of grapes and 77 million gallons of wine in storage, leading to potential closures of small farms and family businesses [1][2]. Economic Considerations - The U.S. imports about $5.3 billion worth of wine from the European Union, while American businesses generate nearly $23 billion from the sale of these products, highlighting a significant economic surplus despite the trade deficit concerns [2][3]. - The imposition of tariffs could lead to business contractions, resulting in closures and layoffs within the American wine industry, particularly affecting small businesses that rely heavily on imported wines [2][3]. Market Dynamics - The wine ecosystem is interconnected, with domestic vineyards relying on distributors who also sell imported wines, making tariffs detrimental not only to importers but also to domestic producers [1][2]. - There is a distinction between the fine wine market and the value wine segment, with the latter facing pressure from cheap, subsidized imports that threaten American growers [1][2]. Legal and Regulatory Context - A lawsuit challenging the tariffs is underway, with the U.S. Court of International Trade ruling in favor of the lead plaintiff, indicating ongoing legal battles regarding the administration's tariff policies [3][4].

来源：滚动播报 长久以来，葡萄酒世界的聚光灯始终对准着勃艮第的特级园与波尔多的列级庄。然而，一组不断更新的数据正在悄然改写产业版图：英国葡萄酒与烈酒贸 易协会（WSTA）发布的2024年报告显示，该国市场消费的瓶装葡萄酒中，超过60%最初是以散装形式运输，而后在销售地进行灌装的。 全球层面，2025年12月第17届世界散装葡萄酒展（WBWE）发布的最新数据显示，散装葡萄酒贸易量已占全球葡萄酒贸易总量的34.2%。尤其值得注意的 是，西班牙葡萄酒行业间组织（OIVE）基于2025年上半年海关数据的分析显示，在全球葡萄酒出口额与出口量双双下滑的背景下，散装葡萄酒的降幅 （-0.4%及-2.4%）远小于瓶装葡萄酒（-3.1%及-4.8%），显示出其在波动市场中的显著稳定性与韧性。 这并非一场静默的扩张，而是一场由供应链革新、消费代际更迭与可持续发展理念共同驱动的深刻变革。 当葡萄酒脱下"玻璃外衣" 散装葡萄酒的崛起，首先是一场物流与供应链的效率革命。 研究表明，传统瓶装葡萄酒贸易中，约40%的运输成本与重量来自于玻璃瓶本身。而采用柔性集装袋（Flexitank）进行运输，相比运输同等容量的玻璃 瓶，可减少高达35% ...

Core Viewpoint - The company *ST Rock* anticipates a significant decline in revenue and an increase in losses for the fiscal year 2025, primarily due to industry downturns, financial pressures, and actions taken against its controlling shareholder [1] Financial Performance - Expected revenue for 2025 is projected to be between 48 million to 60 million yuan, a substantial decrease from the previous year's revenue of 285 million yuan [1] - The total profit is forecasted to be between -240 million to -300 million yuan, with net profit attributable to shareholders expected to range from -180 million to -250 million yuan [1] - The company reported a net profit of -217 million yuan in the previous year [1] Risk of Delisting - Due to the anticipated revenue being below 100 million yuan after excluding specific income, the company's stock is at risk of being delisted under financial criteria [1]

Core Viewpoint - Andrew Peller Limited will release its financial results for the three and nine months ended December 31, 2025, on February 10, 2026, with a conference call scheduled for February 11, 2026, to discuss these results [1]. Group 1: Financial Results Announcement - The financial results will be issued after the market closes on February 10, 2026 [1]. - A conference call to discuss the financial results will take place on February 11, 2026, at 10:00 a.m. (ET) [2]. Group 2: Conference Call Details - The conference call will have local Toronto/international dial-in numbers and a North American toll-free number for participants [2]. - A live webcast of the conference call will be available on the company's investor relations website [2]. - A recording of the call will be accessible on the investor relations website following the live event [2]. Group 3: Company Overview - Andrew Peller Limited is a prominent producer and marketer of quality wines in Canada, with wineries located in British Columbia, Ontario, and Nova Scotia [2]. - The company markets wines produced from grapes grown in various regions, including Ontario's Niagara Peninsula and British Columbia's Okanagan and Similkameen Valleys [2].

Company Performance - TFF Group reported a significant decline in sales of approximately 25% and a net profit decrease of 33% for the first six months [1] - The operating leverage was noted to be modest, with a previous year’s 9% sales decline resulting in a 40% profit decline, indicating better cost management this year [1] - Wine sales performed relatively better than Bourbon Whisky, which experienced a sharp drop in production [1] Market Outlook - The market had anticipated the poor performance, and TFF's outlook for the remainder of the financial year is somewhat optimistic, projecting a full-year revenue decline of 20-25% [3] - Analysts expect earnings per share (EPS) of 1.25 EUR for FY 2026/2027 and 1.62 EUR for 2027/2028, which may support the current share price [4] Industry Developments - The EU has signed a trade agreement with the Mercosur region, removing tariffs on spirits and wines, which were previously 17% on wine and 20-35% on spirits [6] - The agreement may benefit European spirits producers, particularly for products like Cognac and Campari's Aperol, while the impact on wine producers remains uncertain due to competition from Argentina and Chile [7][9]

Core Viewpoint - Former JAB Holding CEO Olivier Goudet has acquired a minority stake in Treasury Wine Estates (TWE), indicating potential confidence in the company's future despite current challenges [1][2]. Group 1: Shareholder Changes - Olivier Goudet, through his investment arm Platin, has taken just over a 5% stake in TWE [1]. - Following the announcement of Goudet's investment, TWE shares increased by over 7% on the ASX [2]. Group 2: Company Transformation - TWE CEO Sam Fischer announced a "transformation programme" named TWE Ascent, focusing on product review, operating model changes, and cost optimization [3]. - The company aims to achieve A$100 million (approximately $66.9 million) in annual cost savings over the next three financial years [3]. Group 3: Market Challenges - TWE is experiencing category weakness in key growth markets, specifically the US and China, which is expected to impact business performance in the near term [4]. - The company has forecasted an impairment on its US assets of at least A$687.4 million [4]. - TWE withdrew its fiscal 2026 earnings guidance due to an uncertain outlook for its Penfolds brand in China and Treasury Americas businesses [5]. Group 4: Operational Adjustments - Fischer expressed enthusiasm for the transformation agenda, aiming to simplify operations and enhance execution across the business [6]. - TWE is actively reducing inventories held by customers in the US and China amid moderated depletion growth expectations [6]. - The company has canceled plans for a A$200 million share buy-back in the current financial year [7].

Core Insights - The Yantai Zhangyu Wine Culture Museum has undergone a comprehensive upgrade during the "14th Five-Year Plan" period, successfully recognized as a "National First-Class Museum," the only one of its kind in China focusing on wine culture [1][2] Group 1: Cultural Empowerment - The museum aims to tell the story of Yantai wine by transforming its 133 years of history into tangible cultural products, such as the "China Wine Root-Seeking Journey" and international wine culture events [1] - The museum serves as both a preserver of history and a disseminator of culture, enhancing the connection between wine culture and the spirit of Yantai [1] Group 2: Technological Empowerment - The upgrade incorporates digital technology and innovative scenarios to enhance visitor experiences, featuring projects like a 72-meter "Hundred Years of Flowing Wine" art scroll and interactive 3D displays [1] - Over 20 experiential activities have been designed throughout the museum, allowing visitors to engage with the wine culture in unique ways [1] Group 3: Urban Space Activation - The opening of the Zhangyu 1892 Old Factory Park marks the first wine industrial heritage theme park in China, integrating historical preservation with cultural tourism [2] - The park connects with public spaces like the coastal square and Chaoyang Street, creating a free urban gathering space that supports Yantai's night economy through new initiatives [2] Group 4: Future Orientation - The renovated Zhangyu Wine Culture Museum combines historical depth, contemporary relevance, and future openness, establishing itself as a landmark in Yantai's international wine city [2]

Core Insights - Vinarchy, an Australian wine major, has signed a distribution deal for its Jacob's Creek brand in China, effective from January 1 [1] - The deal involves ASC Fine Wines, which will represent Jacob's Creek in China, enhancing the brand's presence in the market [1][2] - Jacob's Creek wines available in China range from accessible price points to premium selections [1] Company Overview - ASC Fine Wines, co-chaired by Don St. Pierre, aims to leverage its strengths in the Chinese market with the addition of Jacob's Creek to its portfolio [2] - The company already distributes wines from notable Australian brands such as De Bortoli and Leeuwin Estate [2] - Vinarchy was formed earlier this year through the merger of Accolade Wines and Pernod Ricard's wine operations, reporting annual net sales exceeding A$1.5 billion (approximately $1 billion) [3] Strategic Partnership - Nicholas Hall from Vinarchy emphasized that ASC Fine Wines is an ideal partner for Jacob's Creek, citing their consumer insights and brand-building expertise as key to driving growth [4] - The partnership follows a change in ASC's ownership, with the St. Pierre family regaining control earlier this year [4] Distribution Network - ASC Fine Wines has a distribution portfolio of over 1,200 wine brands from more than 100 wineries globally, covering mainland China, Macau, and Hong Kong [5]