Cognac and brandy brands to watch in 2021

While the Cognac and brandy sector was hit by the pandemic, the rise of digital could be key to its recovery in the years ahead. We present the brands worth keeping an eye on in the next 12 months. After five consecutive years of growth that saw 14 million nine‐litre cases of Cognac sold in 2019, the category is expected to decline in 2020 due to the impact of the pandemic. According to figures from…

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LVMH shows signs of recovery in Q3

The wine and spirits business of LVMH saw a marked improvement in trends during its third quarter after significant losses in the second quarter of 2020. Organic revenue for wine and spirits fell by 3% in the three months to 30 September to €3.349 billion (US$3.9bn), markedly better than the 33% sales drop in the second quarter, and the 14% decline in the first quarter. Organic revenue for the first nine months of 2020 was…

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Hennessy XO celebrates 150 years with £15,000 decanter

Cognac house Hennessy has partnered with architect Frank Gehry to create 150 limited edition XO decanters, priced at £15,000 (US$19,130), to mark the expression’s 150th anniversary. To celebrate the milestone anniversary, Hennessy asked Gehry to use his signature sculptural style to reimagine the XO bottle. The finished product brings together gold and glass to depict Hennessy’s legacy, and is called ‘Masterpiece’. In addition to this, Hennessy has also created a wider release of limited edition…

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LVMH sales plummet in H1 due to Covid-19

The wine and spirits arm of LVMH saw profits plunge during the first half of 2020 due to the economic challenges brought on by the Covid-19 pandemic. Wine and spirits sales fell by 23% on an organic basis during the first half of 2020. Sales fell to €1,985 million (US$2,328m), down from €2,486m (US$2,916m) during the same period last year. Profit from recurring operations fell 29% during the six-month period to €551m (US$646m), down from…

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Revenue growth for LVMH wine and spirits arm in H1

The wine and spirits arm of LVMH recorded organic revenue growth of 6% in the first half of 2019, bolstered by the “solid growth” of Hennessy Cognac. Total LVMH revenue hit €25.1 billion (US$27.9bn) over the period, an increase of 15% with “strong growth” in Asia, the US and Europe, particularly in France. Profit for the period hit €5.2bn (US$5.7bn), an increase of 14%. Belvedere vodka owner LVMH saw its drinks revenue reach €2.48bn (US$2.7bn).…

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