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Memory: US Cognac Sales 2019
According to the latest available data from the Bureau National Interprofessionnel du Cognac (BNIC), the United States is the largest market for Cognac, with over 90 million bottles exported to the country in 2019. The COVID-19 pandemic has affected the global economy and may have impacted Cognac sales in the United States and other countries.
https://twitter.com/wineecon/status/1029837831739527168
Memory: Hennessy Becomes The Official Spirit of the NBA
Never Stop. Never Settle.
The world's largest Cognac producer is making a bid for even greater market share in the United States. Sales of Hennessy V.S. in the United States account for about one half of overall sales.
Last week, Hennessy announced a multi-year partnership with the National Basketball Association.
The campaign aims to spread the NBA which is described as "a cultural force no whistle can stop." In the teaser video, the narrator pronounces: "The court...
Memory: Cognac Shipments Hit New Record
Global Cognac Shipments Rise 8.2% Over Past 12 Months.
Cognac Shipments Hit Another New Record.
Cognac Shipments Were 205.9 Million Bottles From August 2017 to July 2018.
The Bureau National Interprofessionnel du Cognac (BNIC) announced that Cognac sales rose to yet another record during the 12 month period August 2017 to July 2018. Shipments of Cognac were up 8.2% from the prior comparable 12 month period. Approximately 205.98 million bottles of Cognac, valued at 3.162 billion...
Memory: Rémy Martin Cognacs Continue to Drive Sales at Rémy Cointreau
"Remarkable Growth" in Cognac Sales to China Drive Sales Increase in First Quarter 2018/2019 at Rémy Cointreau.
Rémy Cointreau (RC) announced its financial results today for its first quarter for the period of April-June 2018. Overall sales were €241.5 million in the first quarter, up just 0.5% from the comparable quarter of April -June 2017. Revenues at RC were negatively impacted by unfavorable currency effects. Without such currency impact, sales were up 5.9%.
It was the...
Memory: 1st Quarter Rémy Cointreau Financial Results Led by Strong Rémy Martin Sales Increase
"Highest End Cognac Sales" from Rémy Martin Drive Overall Sales Increase in First Quarter 2019/2020 at Rémy Cointreau.
Rémy Cointreau (RC) announced its financial results last week for its first quarter for the period of April-June 2019. Overall revenues were €223.2 million in the first quarter, leading an organic revenue increase of 3.3% from the comparable quarter of April -June 2018. Revenues at RC were negatively impacted by a decrease of 2.6% in the groups...
Memory: Another Record for Cognac Shipments
Cognac Shipments Were Nearly 200 Million Bottles From February 2017 to January 2018.
X.O. Cognac shipments scored the largest increase of all aging designations.
The Bureau National Interprofessionnel du Cognac (BNIC) announced that Cognac shipments rose to yet another record during the year February 1, 2017- January 31, 2018. Shipments of Cognac were up 7.9% from the prior comparable 12 month period (which were up 7.8% from the year before). Approximately 197.1 million bottles of...
Memory: LVMH Reports “Excellent” First Half Results Aided By Hennessy Sales
Hennessy Cognac Sales Drive LVMH Growth
Hennessy Cognac Shipments Show Strong Growth in the United States and China.
Yesterday, LVMH reported record revenues of €21.8 billion during the first half of 2018, an increase of 10% over the first half of 2017. Hennessy Cognac sales volumes increased 3%, while revenues increased 8% during the first half of 2018, driven by "strong growth in the US market in a tight supply environment" while "the Chinese market continued...
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...