Chinese New Year Sales Boom for Legacy
29 1월 2013 - 9:30PM
Legacy Wine & Spirits International Ltd. (Pink Sheets:LWSP), an
importer and wholesaler of fine wines in China, reports that the
Company expects wine sales to increase dramatically in the first
quarter of 2013 due to the upcoming Chinese New Year of the Snake
in February.
China's wine consumption still centers around entertaining and
gift-giving occasions, with two major holidays – the Chinese New
Year and the Mid-autumn Festival – accounting for about 60% of
annual wine sales. Consumers are interested primarily in purchases
that convey a suitable level of prestige, status and respect, all
of which are important components of Chinese culture. The Chinese
associate wine with health: it's one of many reasons why the wine
business is booming. According to Wine Intelligence research, 56%
of upper middle class imported wine drinkers said wine was good for
them. Many believe it is beneficial for the skin, and promotes a
good night's sleep. Also, consumers recognize that wine is less
damaging to their health than the domestic spirits they once
drank.
China is expected to become the second largest wine consumer by
value by 2016, up from No. 3 today. By 2016 global wine consumption
will reach 34.5 million bottles up 5.3% from 2012 and driven by a
40% jump in sales in China according to a study presented at
Vinexpo.
About Legacy Wine and Spirits International
Ltd:
Legacy Wine and Spirits International Ltd. (Legacy) is a
publicly listed fully reporting company trading in the United
States (Pink Sheets:LWSP). The Company is an importer and
wholesaler of globally bottled imported wines to China.
The Legacy Wine and Spirits International Ltd. logo is available
at http://www.globenewswire.com/newsroom/prs/?pkgid=8328
Visit our site: www.legacywineandspirits.com
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained herein which are not
historical fact are forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements,
including, but not limited to, certain delays in testing and
evaluation of products and other risks detailed from time to time
in Legacy's filings with the Securities & Exchange
Commission.
CONTACT: Jaclyn Cruz, President
1-888-488-6882
Wee Cig (PK) (USOTC:WCIG)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Wee Cig (PK) (USOTC:WCIG)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024
Wee Cig International Corporation (PK) (OTC 시장)의 실시간 뉴스: 최근 기사 0
More Legacy Wine and Spirits International Ltd. News Articles