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Memory: Hennessy Outlines Plans to Deal With Inventory Shortages
The demand for Hennessy cognacs has skyrocketed in recent years. Earlier in 2017, Hennessy warned that due to increased sales that consumers could expect to see a Hennessy V.S. shortage later in the year. That shortage materialized in the third quarter this year.
A late spring frost this year that damaged a portion of the Cognac vineyards further compounded Hennessy's inventory shortage. Hennessy, the world's leading cognac producer, recently announced plans to help allievate their...
Memory: LVMH Moët Hennessy Louis Vuitton Revenues Grow Boosted By Hennessy Cognac Sales Growth
Last week, LVMH Moët Hennessy Louis Vuitton, announced their annual profit and sales for 2016. The world’s leading luxury products group reported record revenues of €37.6 billion, an increase of 5% over the previous year.
The financial results of the luxury giant were boosted by Hennesy cognac sales that grew faster than LVMH's other spirits businesses.
LVMH noted in their financial report press release:
"Hennessy cognac enjoyed an excellent year with 10% volume growth. The American...
Memory: Hennessy Cellars To Be Taxed as Industrial Buildings, Not Farm Structures
Hennessy has lost its appeal to have its cellars taxed as farm structures rather than industrial buildings. A characterization of Hennessy's cognac-located cellars as farm structures would have resulted in the cognac giant paying a lower rate of taxes on its cellars than a ruling that would have deemed them to be industrial buildings.
Because the production of cognac is big business and a major contributor to the local economy, the taxing authority, the Administrative...
Memory: Rémy Martin Fiscal Year 2016/17 Sales Up 10%
Remy Martin's Rising Cognac Sales In Line With Industry
Rémy Cointreau, maker of Rémy Martin cognacs, announced its full-year 2016/17 results today. Overall, Rémy Cointreau's organic revenues grew 4.7% from the prior year. The group's top performing division was Rémy Martin cognacs that grew its revenues 10% year over year.
Unlike the other big four cognac makers (Hennessy, Martell and Courvoisier) Rémy Martin does not have a top selling V.S. offering. Rémy Martin focuses exclusively on...
Memory: Hennessy V.S. Cognac Shortage Hits LVMH Third Quarter Results
LVMH Moët Hennessy Louis Vuitton (LVMH), owner of the Hennessy cognac brand, reported their third quarter earnings earlier this week. Total LVMH third quarter 2017 revenues were up 14% from the third quarter of 2016. Fashion and leather goods led the third quarter revenues for the group. Revenues at the wines and spirits (which division that includes Hennessy cognacs) shared the revenue leadership with fashion and leather division in the first half of the...
Memory: Martell Sales Rose 7% in Second Half of 2016
Martell Sales Grow driven by China, North America.
Martell's parent company Pernod Richard announced its second half 2016 operating results today. Pernod Richard's sales grew 3% during the second half of 2016. Sales of Martell cognac outperformed Pernod's sales with 7% sales growth. Martell sold 1.3 million cases of 9 liters, or 15.6 million bottles during the six month period from July 1, 2016 to December 31, 2016.
The Pernod Richard investor's presentation noted re Martell's...
Memory: Rémy Martin Cognac Pop Ups are Popping Up All Over
Cognac Airport Pop-Up boutiques are a marketing device used by leading Cognac Houses. They are found in international airports across the globe. The goals of Cognac Airport Pop-Ups stretch beyond sales. Cognac Pop-Ups serve to provide travelers with exposure to the world of Cognac through a memorable tasting and buying experience that can lead to a life-long association with a particular Cognac House.
Sometimes Cognac Pop-Ups are temporary and established often simply to introduce a...
Foreign Influences on Cognac
The Quintessential French Spirit, Cognac has Strong International Influences
While cognac is thought of as a truly French drink, Cognac's past and present have been strongly influenced from outside France.
Here are just a few:
Cognac's History
The area of Cognac, has long been a center of international trade and travel. Dutch, Danish Viking and Scottish traders as far back as the 12th century all visited the area to purchase salt and wine from the Cognac region. Christian...
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....