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Memory: Campari Buys Bisquit Cognac, Altia signs Larsen Cognac Asian Distribution Deal
Acquisition and Distribution Deals Highlight Importance of Chinese/Asian Markets
According to the Bureau National Interprofessionnel du Cognac (BNIC), cognac sales are growing fastest in the Asian region. From December 2016 through November 2017, global sales of cognac grew 11.5% led by 15.1% growth in the far east region.
Recent headlines and the stories behind them indicate a scramble to serve the growing Asian market.
Italy's Campari adds premium cognac brand Bisquit to its portfolio (Reuters)
Campari the world's...
Memory: BNIC Takes Aim at Cognac Counterfeiters
Counterfeit Cognac?
Cognac is a unique craft product whose makers must follow strict guidelines set down by the Le Bureau National Interprofessionnel du Cognac (BNIC) in ordered to be labelled and marketed as "Cognac".
Because of the arduous process and skill required to make Cognac and because Cognac can only be made in the Cognac region of France and from grapes grown in the region, Cognac commands a premium price to other brandies. The exquisite nature...
Memory: Hennessy Dominated Global Cognac Shipments in 2017
Global Hennessy Sales
Hennessy Dominates Global Cognac Shipments
Last month, we reported that Cognac shipments for the twelve month period from April 2017 to March 2018 hit a record of more than 200 million bottles. According to LVMH Moët Hennessy Louis Vuitton (LVMH), the owner of Hennessy Cognac, nearly half of those shipped bottles had a Hennessy label.
LVMH reported record 2017 results, including Hennessy Cognac sales of 90.8 million bottles. The luxury behemoth reported 2017 revenues...
Memory: Rémy Cointreau Revenues Jump on Double Digit Sales Increase in Rémy Martin...
Rémy Martin Cognac Sales Drive Rémy Cointreau Revenues from April 2017- December 2017.
Rémy Cointreau, maker of Rémy Martin cognacs, recently announced its April 2017-December 2017 financial results. 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 11.5% year over year.
Rémy Martin Cognac sales grew 13.2% in the Asian Pacific region, the largest area of geographic growth from April 2017...
Memory: Hine Cognac Switches to Vanguard Luxury Brands
The House of Hine has switched its Australian distribution partner from island2island to Vanguard Luxury Brands, according to a report in the Shout yesterday. The change takes place immediately. Hine thanked island2island for helping establish the Hine brand in Australian and looked forward to working with Vanguard Luxury Brands to continue to build out their network of bartender and retailers that promote and carry the Hine Brand Cognacs.
About Hine
The House of Hine was founded...
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...