SEARCH:
  Home

Login /  Register
 
Legacy Promotes the Sparkling Wine (Champagne) Market in China
au.sys-con.com by 2009-10-29   

Legacy Wine and Spirits International Ltd. (OTCBB: LWSP) reports that the Company will be focusing in the next three months on a major national marketing campaign on the Sparkling Wine (Champagne) market in China.

The Company plans to take advantage of the slump in this market sector which has negatively affected the largest Champagne consumers in the world, the US and UK markets. However secondary markets like Russia, India and China have made up the shortfalls in global sales. With the growing middle class population in all three developing countries and their desire for the western lux-lifestyle, the wine market in general in these countries will continue to grow.

With the upcoming holiday seasons, Christmas, New Year's and the Chinese New Year around the corner, these are three excellent marketing opportunities for Legacy to promote Champagne as well as other wine varietals in all the Legacy outlets fulfilling traditional and new product demands.

In order to meet the potential demands, Legacy has secured wine inventory from several reliable and credible wineries from countries like Italy, France, Spain, US and South Africa.

Christopher Scheive, Company President states: "According to international wine experts, China has undergone the most rapid urbanization in history, the country's nouveau riche are taking to wine like never before. China is the world's ninth largest wine market by volume and sixth-largest wine producer. From a base of almost nothing a few years ago, the country boasts more than 400 commercially viable domestic wineries. Meanwhile, the value of wine imports to China is expected to reach US$870-million by 2017, up almost fivefold from US$184-million in 2007. With such huge growth projected -- the size of Asia's wine market, including China, is expected to increase by up to 20% per year for the next five years, compared to less than 1% in the rest of the world."

[Print]  [Save]  [Cloze]
--------------------------------------------------------------- 0 comments
 
 Correlation
Golden Dragon Holdings, Inc. Exhibits in Wine China Exhibition [3-2]
Wine heading to China [2-23]
Chinese buy up French wines in new year spree [2-23]
Ararat winemakers plan China exports [2-22]
Leading Croatian wine producers eyeing the Chinese market [2-11]
China's total value of imported wines hits new peak again in 2009 [2-3]
China's total value of imported wines hits new peak again in 2009 [2-3]
Big potential seen for NZ wine in Hong Kong,China [2-1]
Promoting Chilean wine in China [1-6]
Legacy Wine: Successful Event Paves the Way Into Shanghai and Xiamen Markets [12-31]
Legacy's wine is optimistic about entering the Shanghai wine market [12-23]
Lodi looks to China for wine trade boost [11-19]
Portuguese wine losing Macao market [11-11]
Why dose the industry of importing wines into China tends to be big business? [11-9]
New Zealand Okahu Estate : wine success in China [10-28]
Prosser's Lady in Red wine headed to China [10-22]
Overseas wines were the focuses of 2009 China Wine Expo [9-23]
Fine Wines make UK biggest exporter to Hong Kong [9-23]
Imported bottled wine may exceed bulk wine in China this year [9-21]
The manga that poured French wine into Asia [9-17]
 
About us  |   Contact us  |   Web Map  |   Advertiser  |   leave word  |   Links
Copyright 2005-2008 www.wines-info.com