Europe
Euro Worries are Actually Helping Cognac Sales
“Every cloud has a silver lining,” or so the saying goes. And that’s certainly true when you take a look at what the concern over the European debt crisis and stability of the euro is doing to the sales of cognac. 98 per cent of all cognac produced is exported, and the largest market is…
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2011 Cognac Sales Exceed 2 Billion Euros
The latest figures revealed by the BNIC show that sales of cognac continue to remain healthy. In the year running to late November 2011, the sales value was €2.033 billion Euros, up 10.3 per cent on the previous year’s trading. The actual volume rose 6.4 per cent over the same period, to 162.8 million bottles….
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Remy Cointreau First Quarter Sales Boosted By Cognac Sales
The turnover for Remy Cointreau in the first quarter of the financial year (April-June 2011) has just been announced and has exceeded analysts’ estimates. Organic sales (which exclude any effects caused by disposals and acquisitions) are showing a 22.5% increase on the previous year, with a turnover of €198.6 million. The increase has been throughout…
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Rémy Cointreau Sales Down Overall, but Cognac Remains Strong
Remy Cointreau announced its end of year sales today, with an 18 per cent drop in profits from the previous year thanks to a gross impairment on its Greek Metaxa arm. Tough economic times in Greece saw the market fall by 45 million euros as consumers bought fewer bottles from its whisky and wine based…
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Pernod Ricard is also tapping into the Growing Asian Market
In an interview with The Financial Times, Pernod Ricard’s chief executive, Pierre Pringuet, has said that the company is looking towards China and the U.S. more keenly than ever as European demand slows. Mr Pringuet said that the fast growing wealth of Chinese consumers is having a huge effect on sales of Martell cognac, not…
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Worldwide Growth Sees Cognac Sales Up 25%
In figures just in, the past 12 months have seen the sales of cognac doing very nicely indeed. In terms of volume, worldwide sales are up 12%, but when this is converted to cold hard cash, this shows a staggering increase of 25% over the last twelve months. And the great thing is that sales…
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