The luxury and premium segment of wines and spirits have been expanding at a brisk pace in recent years. Luxury wines & spirits experience heightened demand from the High Net Worth Individuals (HNWIs) and affluent consumers who are attracted by attributes such as good brand reputation, premium quality, and premium price which provide a sense of privilege and prestige to the buyer. North America and Europe recorded a sizeable HNWI population of 5 ... Read more
