Tag Archive: Hennessy
News Briefs for June 13, 2024
•Spirit of Gallo has launched Heat Check, a new vodka brand that brings together the company’s New Amsterdam vodka with Hot Ones, the YouTube hot-sauce themed interview show. Continue reading →
Posted in News on June 13, 2024Moët Hennessy’s Sales Down 12% In Q1 On Tough Comp
Moët Hennessy posted sales down 12% to €1.4 billion ($1.5b) for its fiscal first quarter, as both its Champagne and Cognac divisions continue to be impacted by destocking. Continue reading →
Posted in News on April 17, 2024Moët Hennessy, Rémy Cointreau Post Better Than Expected Results Amid Cognac’s Slump
While sales have continued to decline for top Cognac brands Hennessy and Rémy Martin, brand owners Moët Hennessy and Rémy Cointreau each beat expectations in results overnight. Continue reading →
Posted in News on January 26, 2024Cognac Weathers Tough Conditions, Aims For A Rebound
After soaring to an all-time high of 8.5 million case depletions amid the pandemic in 2021, the Cognac category saw volume decline sharply in 2022 and 2023, with depletions estimated at just over 6 million cases last year, according to Impact Databank. Continue reading →
Posted in News on January 11, 2024Pernod Ricard, LVMH, Rémy Shares Slip Amid China Anti-Dumping Probe Targeting Cognac
Chinese authorities have started an anti-dumping probe against European brandy imports, escalating the ongoing trade dispute between the EU and China. Continue reading →
Posted in News on January 5, 2024Exclusive: U.S. Spirits Market Projected To Grow 5% In 2023
In spite of high inflation and uncertain economic conditions, the U.S. spirits market is projected to again grow nearly 5% by volume in 2023, according to The U.S. Spirits Market: Shanken’s Impact Databank Review & Forecast. Continue reading →
Posted in News on November 7, 2023
