Swirls: China’s wine frenzy, Bill Foley’s growing wine empire, what sommeliers like to drink

SWIRL: The New York Times has an interesting piece today on the fast-growing French expat community in China, particularly Hong Kong, which, with its growing wealth and Bordeaux barrels hunger for luxury goods, is drawing more and more wine and other entrepreneurs eager to bring their products to the Chinese market.

SWIRL: Speaking of China, Bloomberg reports that at least a dozen Chinese investors have recently bought wine estates in Bordeaux, mostly small and sometimes distressed  properties.

SWIRL: New York is planning to increase its wine presence in China. The Watertown Daily Times says hundreds of small New York wineries will have a better chance of getting exposure for their wines in China at a New York state wine outlet at the free trade zone in Shanghai. The aim will be to sell New York wines at Chinese chain stores, supermarkets and hotels.

SWIRL: In case you missed it, Jay McInerney’s weekend WSJ column on the increasing importance of sommeliers was notable for, among other things, pointing out that most sommeliers favor leaner, lower-alcohol wines because they match better with foods.

SWIRL: Bloomberg has a good read on the fast-expanding wine empire of Bill Foley, the former mortgage title executive who is buying up wineries in California and beyond.

1 comment:

  1. It is a good move for New York wineries to release, launch and sell their wines in China. A lot of Chinese people love wines as well. In fact, my friend who happens to be a Chinese loves to drink Cabernet Sauvignon. This must be a new journey for the New York wineries to penetrate Chinese market.