Wine word: SK Group subsidiary to close its China wine offices?

By Jim Boyce

South Korean conglomerate SK Group plans to close the wine import and distribution offices it runs in China via a subsidiary company, according to three industry sources. Word is the company’s winery partners have already been informed of the news. One brand rep told me he is now seeking a new distributor. Another source says SK plans to sell its remaining stock and end its physical presence in China by closing its Shenzhen and Shanghai offices in the fall.

If anyone else more info on this situation, much appreciated if you let me know at beijingboyce (at) yahoo.com

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