Comments on: Too close for comfort? Great Wall maker COFCO takes over Chinese edition of Food & Wine http://www.grapewallofchina.com/2009/12/17/too-close-for-comfort-great-wall-maker-cofco-takes-over-chinese-edition-of-food-wine/ A China Wine Blog: The Scene in the World's Largest Market Thu, 29 Dec 2011 13:01:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Daniel LaRusso http://www.grapewallofchina.com/2009/12/17/too-close-for-comfort-great-wall-maker-cofco-takes-over-chinese-edition-of-food-wine/comment-page-1/#comment-25669 Daniel LaRusso Wed, 30 Dec 2009 05:18:53 +0000 http://www.grapewallofchina.com/?p=1820#comment-25669 Boyce: I think you accurately predicted this trend over a year ago. Major domestic wine players are clearly expanding their market presence while foreign wine importers are not seeing the returns they used to. For example: compare Summergate in 2006-7 to the Summergate of 2009-10. The foreign importers peaked a couple years ago and the market will be led by two players: major domestic alcohol conglomerates and major foreign alcohol conglomerates (i.e. Suntory, Pernod Ricard) Boyce: I think you accurately predicted this trend over a year ago.

Major domestic wine players are clearly expanding their market presence while foreign wine importers are not seeing the returns they used to.

For example: compare Summergate in 2006-7 to the Summergate of 2009-10. The foreign importers peaked a couple years ago and the market will be led by two players: major domestic alcohol conglomerates and major foreign alcohol conglomerates (i.e. Suntory, Pernod Ricard)

]]>