Tuesday. 25 May. 2010. 10:15 am
We talk to the man bringing certified Bordeaux wines to Asia.
This week’s Vinexpo in Hong Kong is bringing the world’s biggest and most innovative wine makers to town. And we got a rare chance to sit down with the founder of one of the companies that is changing the way we buy Bordeaux wine: Mr. Henning Thoresen, founder of Bordeaux Provenance.
Our talk with Mr. Thoresen delves into the strategy and essence of new business in selling certified Bordeaux wine online direct from France to anywhere in the world.
Where did the idea of creating a certified Bordeaux wine company come from?
Customers are cheated every day around the world when buying fine Bordeaux wine because producers in Bordeaux have no exclusive distribution channels. The wines are sold by various merchants and because there is no exclusivity, the international price competition puts pressure on companies to try and save on transport and storage.
Wines sold by retailers and by auction houses can have changed ownership many times and this information is not disclosed to the buyer, This is a situation we intend to rectify.
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Friday. 18 December. 2009. 10:17 am
Let’s count the wine money coming into Hong Kong.
There’s nothing wrong with Hong Kong’s wine economy – in fact, it’s soaring! In the first nine months of 2009, HK$2.71 billion in revenue was brought in, representing a huge jump of 41% from 2008. The sales totals from fourteen wine auctions in the past year have reached HK$496 million. With numbers like this, Hong Kong could become the world’s second-largest market for wine auctions.
Famous auction houses like Christie’s International and Sotherby’s are definitely interested in Hong Kong’s wine market. Christie’s has noticed a demand for the highest-quality wines in the city, and Sotheby’s reports that Hong Kong has moved past London to become their second-biggest market. Many wine-centric businesses in the city have been upgrading and expanding to meet the huge demand.
The Hong Kong government is highly supportive of the growth in the wine market, lessening duties on imports to enrich the growing economy. Rita Lau said the government is helping the industry develop, in partnership with the Hong Kong Quality Assurance Agency, a certification scheme whereby wine storage facilities meeting certain required standards will be accredited.
“The scheme is expected to be launched before the end of the year. It will first cover wine storage facilities, with possible extension to other logistics facilities such as vehicles later,” Mrs Lau said, adding that the government is working on various fronts to enhance the further development of Hong Kong as a regional hub for wine trading and distribution.
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