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Memory: Martell sales grow double digits in the United States in first quarter
Martell Cognac is a Star Performer at Spirits Giant Pernod Ricard
Pernod Ricard, the French spirits conglomerate that owns the Martell cognac brand, reported its results for the quarter ended March 31, 2017 today. Pernod's fiscal year ends June 30, so the most recent quarter ended represents its third quarter. Pernod reported over all revenues grew 3% in the quarter. Pernod sales in the U.S. grew 5% with Martell cognac sales growing by double digits....
Memory: Cognac Vineyard Frost 1991
Cognac Vineyard Owners Assess the Damage of the Spring Frost
In late April a spring frost struck the Cognac region. Vineyard owners feared initially that the April frost would create the type of devastation that the April 1991 frost had wreaked on their crops. In 1991, nearly 80% of the crops of some of the cognac growing crus were destroyed. This year fires were lit to warm the vines and helicopters hovered overhead in an...
Memory: Highest Priced Cognac in the World Goes on Sale by the Decanter
Two years ago 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.”
In March of 2018, we reported in Cognac Sets New Record For the World’s Most Expensive Shot, that most...
Memory: BNIC Expands Yield Quota for 2018
BNIC Increases 2018 Yield Quotas in a Year of Vineyard Damaging Floods, Frosts, Hail and Record Sales.
As the Cognac growers look forward to the mid-September harvest of the mostly Ugni Blanc grapes used to make Cognac, the Bureau National Interprofessionnel du Cognac (BNIC) has announced an increase in the 2018 yield quota. For 2017, the BNIC set the maximum production dedicated to Cognac at 12 hectoliters of pure alcohol per hectare. For 2018, the...
Memory: Rémy Martin Sales Soar in 2018
Rémy Cointreau experiences accelerating second-quarter growth; confirms full-year guidance
12% increase in Rémy Martin Cognac sales drives Rémy Cointreau growth.
Rémy Cointreau (RC) reported its financial results today for its first half of quarter for the period of April-September 2018/19. Overall sales were €571.4 million in the first half, up 7.7% from the comparable half year of April -September 2017/18. Revenues at RC were negatively impacted by unfavorable currency effects. Without such currency impact, sales were...
Memory: Cognac Sales Set Third Consecutive Annual Record
Cognac Sales Volume Growth Reported Across All Designations
The Bureau National Interprofessionnel du Cognac (BNIC) announced today that Cognac sales rose to record levels during the year August 1, 2016- July 31, 2017. Sales of Cognac were up 10.0% in volume and 15.2% in value from the prior comparable year. Approximately 190.2 million bottles of cognac, valued at 3.46 billion Euros, were sold from August 1, 2016- July 31, 2017.
During the calendar year of January...
How Texas Saved Cognac
In the 19th century, the French wine industry faced a devastating crisis. The culprit? A tiny insect known as the aphid, which spread a destructive blight called phylloxera throughout the French countryside. The disease ravaged the vineyards of France from about 1860 to the mid-1870s, leaving the wine industry in ruins. But, as it turns out, the solution to this crisis came from an unlikely source: Texas.
The French Solution: Grafting American Root StockTwo gentlemen,...
Memory: Rémy Cointreau Reports Full Year Results
Rémy Martin Drives Sales Increase at Rémy Cointreau
Rémy Cointreau (RC) announced its financial results for its fiscal year ended March 31, 2017 this week. Overall revenues at the spirits conglomerate were up about 4% while net profits were up over 20%. RC is the owner of Rémy Martin Cognacs, Cointreau, Metaxa, Mount Gay Rum, St. Rémy French brandy and Progressive Hebridean Distillers.
Rémy Martin cognacs were the star performer of RC in fiscal year 2017....
Memory: Cognac Sales Hit Record For Fourth Year In a Row
Cognac Sales Volume Growth Reported Across All Designations
The Bureau National Interprofessionnel du Cognac (BNIC) announced that Cognac sales rose to record levels during 2018. Sales of Cognac were up 5.2% in volume and 0.7% in value from the record year of 2017. Approximately 204.2 million bottles of cognac, valued at 3.21 billion Euros, were sold in 2018.
It was the second year in a row that cognac shipments topped 200 million bottles.
https://twitter.com/CognacUSA/status/1085574766025736192
During the calendar...
The Economics of Cognac
Cognac: The Impact of a World Renown Product on the Local Economy
The development of the cognac industry was truly an international affair from the start and remains so to this day. From the Dutch who brought their distillation methods to the Charente, to Irish, England, Danish and Russian distillers who set up long standing cognac houses, to the foreign ownership of many of the major cognac houses, to the nearly 98% export rate of...