Tuesday 05 June, saw 650 members of the Alliance Fine Champagne Wine Growers Cooperative meet at Remy Martin’s headquarters to hear of the cognac house’s plans for the future.

With sales having risen 13 per cent in the year April 2011 to March 2012 and the future looking bright, it makes sense that Remy Martin put a long term strategy in place for continued growth.

Wine Growers

CEO of Remy Martin, Patrick Piana, said that it makes sense to look forward in the long term – to 2025 or even 2030 – to ensure the continued availability of raw eaux-de-vie, and fairness to the growers themselves.

Thus, the cognac giant has agreed an increase in purchase price of 3.5 per cent, and that now their buying contracts will not cover just a single year, but two years, to allow the growers increased stability as well.

Piana also said that as new markets, such as Brazil, India and the African countries, continue to grow in size, that Remy Martin view the future as looking extremely favourable.  He said, “There may be small accidents, but I think that formally cognac growth is sustainable and durable.”

Discover bottles and read more about Remy Martin Cognac
Sources: www.sudouest.fr

Get articles like these and more:
Subscribe to our mailing list

Remy Martin Peers Far Into The Future – And Wine Growers Profit By 3.5%

Get a 10% Voucher AND Tasting Cognac eBook when you subscribe to our newsletter. Weekly updates about our stories, new products and deals.

Avatar
Author

Jacki has been with Cognac Expert from virtually the beginning. She's the senior editor of the blog, and has spent much of her life living in rural France. Today she's based back in the UK, where she splits her working life between writing for Cognac Expert and working as a Paramedic at a large regional hospital.

Write A Comment

While many liquor stores close, Cognac Expert continues to ship Cognac worldwide.Shop now