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Memory: BNIC to Raise the Official Age of XO Cognacs
Mark your calendars: On April 1, 2018, Cognac Ageing Designations are about to undergo their first major change since 1983. According to the Bureau National Interprofessionnel du Cognac (BNIC): "as of April 1, 2018, all cognac brandy XO marketed for sale in bulk or prepackaged consumer goods, with the exception of volumes placed on the market or prepacked before that date, shall be debited from account 10".
The change means that in order for a...
Memory: Shock Report: One Third of Russian “Cognacs” are Fake
Russian Standards Body Says Nearly One Third of all Cognacs Sold in Russia Are Counterfeit.
Late last year we noted the Cognac standards body Le Bureau National Interprofessionnel du Cognac (BNIC) was engaged in an effort to combat counterfeit cognacs. The BNIC's efforts were highlighted at the 9th annual Anti-Counterfeiting Workshop in Wemmel, near Brussels and focused on raising awareness of Cognac counterfeit issues and to training Belgian customs officers, police and agents employed by...
Memory: Rémy Cointreau Reports Another Big Quarter Driven by Cognac Sales
Cognac Sales to China Drive Sales Increase in First Quarter at Rémy Cointreau
Rémy Cointreau (RC) announced its financial results today for its first quarter for the period of April-June 2017. RC is the owner of Rémy Martin Cognacs, Cointreau, Metaxa, Mount Gay Rum, St. Rémy French brandy and Progressive Hebridean Distillers. Overall revenues at the spirits conglomerate were up 9.9% at €240.2. The sales growth was driven by a 20% increase in revenues from...
Memory: Cognac Hit By Destructive Hail Storm
Hail Destroys Vineyards, Kills Child
In April last year, a late frost, struck the Cognac region, damaging a good portion of the vineyards. The frost was bad news for Cognac producers, including Hennessy, who already projected Hennessy V.S. shortages for later in 2017 and was hoping to add to its eau-de-vie stock with strong growing season last year. Those hopes were dashed again over the weekend.
The Cognac industry took a further blow on May 26...
Memory: Louis Royer XO Cognac Named Among The World’s Top 120 Spirits
Louis Royer XO Cognac Named Among The World's Top 120 Spirits by Paul Pacult's Renowned Spirit JournalFifth Generation Cognac Family's Signature Spirit Takes Its Place Among the Elite of Five-Star Distillates
Louis Royer, an iconic Cognac house dating to 1853, today announces that its XO Cognac is among the Spirit Journal's Top 120 Spirits in the World.
F. Paul Pacult's Spirit Journal is one of the world's most respected and ethical voices in spirits criticism and...
Memory: Hong Kong Protests Hit Cognac Sales
Trouble in Hong Kong cuts tourism, spending on Cognac.
The protests in Hong Kong have harmed the tourist industry and hence Cognac sales. The Far East accounts for more than 25% of Cognac sales but about 40% of the revenue as longer-aged, higher-priced Cognacs are more popular in that region than in North America where nearly 46% of all Cognac sales occur. North American sales are more heavily tilted towards younger V.S. Cognacs than the...
Memory: LVMH Strong Second Quarter Results Driven By Hennessy Cognac
LVMH Moët Hennessy Louis Vuitton (LVMH), owner of the Hennessy cognac brand, reported their first half earnings late last week. Total LVMH first half of 2017 revenues were up 15% from the first half of 2016 and profits were up 23%, led primarily by a 34% increase in fashion and leather goods and a 21% increase in the wines and spirits. Hennessy volumes were up 16% in the first half based on "excellent performance...
Memory: Cognac Sets New Record For the World’s Most Expensive Shot
The Most Expensive Cognac
A Shot of Jean Filloux's Rome de Bellegarde Smashes Most Expensive Shot of Cognac Record by over $5,000!
In January 2017, we reported in A Taste of the World’s Most Expensive Cognac that a shot (40 milliliters -about 1.3 ounces) of Cognac Croizet Cuvée Leonie 1858 was served at The Hong Kong InterContinental for about $8,800 making it according to the Guinness Book of Records the “Most Expensive Shot of Cognac.”
The Most...
Memory: LVMH Updates Investors on Potential Hennessy Shortage
Hennessy Cognac Sales Growth in U.S. Strains Supplies
Earlier this week LVMH Moët Hennessy Louis Vuitton (LVMH), a luxury brand conglomerate and owner of Hennessy cognacs, warned that due to significant increases in Hennessy sales, the availability of cognac stocks may be impacted for the rest of the year. The warning was part of LVMH's first quarter earnings release that reported record revenues of €9.9 billion in the first quarter of 2017, up 16% from...
Memory: Hardy Announces Art Nouveau Bottle For its Noces D’Or Cognac
The House of Hardy is known for its elegant cognacs and its elaborate Prestige collection bottle designs. The House of Hardy's Prestige collection of cognacs are aged more than thirty years. These cognacs include Noces D' Argent, Noces d' Or, Noces De Perle, Noces De Diamant and Noces D'Albatre.
Hardy's Noces D'Or cognac is being repackaged into a sleek art nouveau style bottle with a hand etched glass plaque adorning the front. The plaque...