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.
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.
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