LVMH wine and spirits sales soar in Q1

The wine and spirits arm of LVMH saw sales skyrocket during the first quarter of 2021, aided by a ‘strong rebound’ in China. The wine and spirits unit of luxury goods company LVMH saw organic revenue rise 36% in the first quarter of 2021 to reach €1,510 million (US$1,805m). Compared to the same period in 2019, this represented a 17% organic increase. LVMH said Hennessy Cognac saw volumes grow by 28% during the three-month period,…

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Cognac sales to grow $303.59m by 2025

Global Cognac sales are predicted to increase by US$303.59 million between 2021 and 2025, boosted by demand from North America, according to a new report. According to a report from market analysis firm Technavio, global sales of Cognac are projected to increase by 2% compound annual growth rate (CAGR) until 2025. In 2021, value growth for the category is projected to rise by 1.34%. The report, titled Cognac Market by Product, Distribution Channel, and Geography…

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Camus releases Return to Saint-Aulaye Cognac

Cognac house Camus has unveiled a 2016 vintage bottling produced from Colombard grapes, called Return to Saint-Aulaye. Return to Saint-Aulaye Cognac is the result of a collaboration between Camus and the Saint-Aulaye village council in France. The ‘decades-long’ project aims to celebrate the ‘rich’ terroir of the village in Dordogne, France. Production of Cognac in this area dates back to 1785. Cognac production in Dordogne had reduced by more than 90% by the early 1990s…

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What’s on this weekend

Slane St Patrick’s Day Sessions Irish whiskey brand Slane will celebrate St patrick’s Day (17 March) with a live-streamed gig this weekend. Featuring appearances from Dublin-born musician Damien Dempsey and Irish rock band Thumper (pictured), The Slane Sessions concert will run from 8pm GMT on Saturday 13 March. The show will air on the Hot Press YouTube channel. Alex Conyngham, co-founder of the Slane Distillery, said: “We have a long history of music at Slane,…

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Sotheby’s to sell Jay-Z’s 1969 D’Ussé Cognac bottle

Rapper Jay-Z will offer his ‘one-of-a-kind’ signed 1969 bottle of D’Ussé Cognac at a Sotheby’s auction next month, which is expected to sell for up to US$75,000. American musician Shawn Carter, known professionally as Jay-Z, founded the D’Ussé brand in 2012, which is owned by Bermuda-based Bacardi. Bottle number one of D’Ussé 1969 Anniversaire Limited Edition Grande Champagne Cognac will be sold at a Sotheby’s auction in New York on 13 March. The Bacardi-owned brand…

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