Chinese wine market dries

Australian winemakers are feeling the pinch of Beijing’s anti-corruption and austerity program as China’s demand for luxury goods runs dry.
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Coopers bucks beer trends, posts healthy profit

The South Australian beer maker has out-performed rivals, including British-owned SABMiller (owner of Foster's) and Japan’s Kirin. Kirin, owner of Lion, grew Australian and NZ revenues in beer, spirits and wine for the six months to March by 1.7 per cent. SAB’s revenues fell 13 per cent in the June quarter, The Australian reports.
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Swan brewery to close

Brindley, managing director of Lion Beer, Spirits & Wine Australia, has announced that its Swan brewery at Canning Vale in WA will shut its doors by early next March, and relocate its production units to SA.
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