New Market Research Report: Fine Wines/Champagne and Spirits in Australia
Fine wines/champagne and spirits recorded strong 3% current value growth in 2013, driven by the growth of HNWI in Australia. High disposable incomes in Australia translated into increased enthusiasm about paying a premium for high-quality premium wines/champagne and spirits. Luxury brands took note of this trend, ditching the "cheap and cheerful" approach and shifting their focus towards premium offerings which attract higher prices.
View full press release