Wine Sales of Changyu Jumped to No.7 In the World
However, ChangYu Pioneer Wine Company Limited of China, which ranked number 10 in 2007, moved up to the 7th with wine sales increasing to USD 890 million. Changyu was optimistic about 2009 and the future.
Canadean data showed that wine sales of global top ten enterprises lifted by 13.1% year on year in 2007. While sales of eight of top ten enterprises slumped 4.6% last year due to the financial crisis.
Europe and America , the traditonal wine producing countries, as well as the new world countries , including New Zealand, Australia and Chile suffered a lot during the recession.
In contrast, China wine market performed well. From Jan. to Nov. of 2008, sales revenue and pre- tax profits increased cumulatively by 32.9% and 37.9% respectively.
Global Top ten wine enterprises in 2008 (sales :million dollars)
1 Constellation Brands 3358.8
2 E&J Gallo 3080.0
3 Foster's Group 1667.9
4 Pernod Ricard 1587.6
5 Castel-Freres 980.0
6 The Wine Group 910.0
7 Changyu 890.0
8 Diageo 868.8
9 Grand Chais de France 830.0
10 Concha y Toro 520.0