China: latest retail news, insights and analysis | ESM Magazine

Carlsberg Lifts Guidance As Beer Sales Recover In Europe And China

Danish brewer Carlsberg raised its full-year profit guidance after reporting third-quarter revenue slightly above expectations, helped by a recovery o...

Diageo To Set Up Research And Development Centre In Shanghai

Spirits giant Diageo has announced plans to establish a new research and development centre in Shanghai to further its product innovation and development a...

Rémy Cointreau Sees Quarterly Sales Double As Bars Reopen

Rémy Cointreau's organic sales more than doubled in the first quarter, the French spirits group said, beating estimates as bars and restaurants reop...

Pernod Ricard Raises Profit Forecast For Coming Year

Pernod Ricard said it now expects organic profit growth of about 16% for its 2020/2021 fiscal year, up from a previous April forecast of 10%, as...

Budweiser APAC To Boost Premium And Non-Beer Offerings

Budweiser Brewing Co APAC will step up promotion of premium beer brands including Hoegaarden and Corona and expand non-beer offerings, betti...

Treasury Wine Faces 175.6% Duty Rate For Australian Wine Exports To China

Treasury Wine Estates Ltd, the world's largest standalone winemaker, said on Monday that Beijing had imposed a final combined 175.6% anti-dumping and count...

China Imposes Temporary Anti-Subsidy Charges On Australian Wine Imports

China will temporarily impose anti-subsidy fees on some Australian wine imports from 11 December, the commerce ministry said, ramping up pressure on the in...