In case you are not aware, importing, distributing and retailing wine is a tough business and highly competitive – everywhere. In Asia it is hyper-competitive and in Hong Kong, with its recent zeroing-out of import duties, it is insanely competitive!
Here is a market that is arguably out of control and quite possibly the Island might sink under the weight of wine flooding in to it. When the duties were axed, the vinous floodgates opened with every man and their dog importing wine direct from merchants and vineyards all over the world. Needless to say, the established Hong Kong merchants have taken a hit.