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Memory: Rémy Cointreau signs an agreement to acquire the Larsen Cognac Company
PARIS--(BUSINESS WIRE)--Regulatory News:
Rémy Cointreau (Paris:RCO) announces that it has signed an agreement to acquire the entire share capital of Larsen, the Vikings’ Cognac.
Founded in 1926, Larsen is one of the last independent cognac producers, with a unique range of rare and prestigious products. Over three generations, the company has built up inventories of aged eaux-de-vie which enables it to guarantee the quality of its production and optimise its purchasing power.
In a press release dated...
Memory: Uncle Nearest Achieves Prominence as a Leading Owner of Grande Champagne Vineyard in...
The Super Premium Whiskey Brand Achieves Historic Milestone with Acquisition of a 1669 Property Commissioned by the Lord Mayor of Cognac, Home to 40% of the Most Sought-After Cru in the City of Cognac
In a historic move, Uncle Nearest, the most-awarded Bourbon and American Whiskey company for four consecutive years (2019, 2020, 2021, and 2022), announced its acquisition of Domaine Saint Martin, a prestigious cognac estate with a lineage dating back over 350 years....
Memory: Cognac Accounted for 30% of all EU Spirits Exports in 2016
Cognac was the second most exported spirit from the EU in 2016.
Spirits EU, a European Union Trade Organization recently released its 2017 trade review. According to the report, European Union spirits exports topped €10.2 billion euros in 2016, representing a doubling of exports over the past 10 years and an increase of 5% over 2015.
The leading European exported spirit was whiskey constituting 45% of overall European Union spirits exports. Cognac was the second most...
Memory: 12 Month Cognac Sales Hit Another Record
Cognac Sales From August 1 2018 Through July 2019 Reach 211.1 Million Bottles
The Bureau National Interprofessionnel du Cognac (BNIC) announced that after Cognac sales rose to record levels during calendar year 2018, sales of Cognac extended their record page from August 1 2018 through July 31 2019. Cognac sales were up 2.5% in volume terms and 6.9% in value during that time period.
Approximately 211.1 million bottles of cognac, valued at 3.4 billion Euros,...
Memory: BNIC Launches Plan To Protect The Vineyards of Cognac
This spring's late frost was a reminder of the tenuous nature of the growing conditions in the Cognac vineyards. While Mother Nature has blessed the Cognac region with a temperate climate and chalky soils, she also has a way of wreaking havoc on Cognac's grapevines. An environmental event like a late frost can reduce substantially the grape and eaux-de-vie yield in the year it strikes. In addition, the Great Wine Blight of the 1860...
Memory: Les Echos: “Cognac sales boom, driven by China.” 25% Market Share.
Les Echos has an article out today titled "Cognac sales boom, driven by China." The Cognac suppliers are working toward meeting the increasing demand of the Chinese middle and upper classes that have found a strong liking to Cognac.
Says Les Echos "China has, in recent years, the main engine of remarkable growth of Cognac, which in 2012 accounted for a quarter of the French production of spirits."
The full article can be found translated into English at...
Memory: First Quarter 2017 Cognac Sales Continue at Record Pace
Cognac Sales Volume Driven By V.S. and XO Cognacs
According to the Bureau National Interprofessionnel du Cognac (BNIC), Cognac sales rose to record levels in 2016. Sales of Cognac were up 6.0% in volume and 6.8% in value from 2015. Approximately 179.1 million bottles of cognac were sold in 2016. The BNIC noted last week that cognac U.S. sales momentum continued in the first quarter of 2017. Sales of V.S. (+11.4%) and XO (+16.8%)...
The Global Business of Cognac: A Luxury Spirit’s Rise in Popularity Worldwide
Cognac is a luxury spirit that is famous worldwide for its unique taste, production process, and heritage. Its popularity has grown exponentially over the past decade, and the global business of cognac is booming.
Cognac is a specific type of brandy produced in the Cognac region of France. To be labeled as cognac, the brandy must meet strict legal requirements, including the use of specific grapes, distillation methods, and aging in oak barrels for at...
Memory: Shawn ‘Jay-Z’ Carter and Bacardi Team Up to Redefine the Next Chapter of...
The collaboration between music mogul Shawn "Jay-Z" Carter and Bacardi, one of the largest privately held spirits companies in the world, has brought a new energy to the D'USSÉ brand. In this exciting partnership, the two have launched a new campaign that focuses on redefining the next chapter of the D'USSÉ brand.
The partnership between Jay-Z and Bacardi has been a long time in the making. Since taking over the brand in 2012, Jay-Z has...
Memory: Cognac Inches Closer to Becoming a UNESCO World Heritage Site
Cognac, a region located in southwestern France, is world-renowned for its prestigious brandies, known simply as "cognac." The region has been producing cognac since the 17th century, and it has become a symbol of luxury and fine taste around the world. With its rich history of viniculture, distillation, cellar mastering, and international trade, the Cognac region is widely recognized as a living historical site. In recent years, the Cognac region has applied to become...