Liquor makers posted a rare annual decline in revenue in 2024, as high inflation dampens demand for pricier top shelf bottles ...

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Despite this, concern is high that the leading cognac brands will bow to pressure and export their brandies in bulk for bottling in China. “If Hennessy starts, then all the others will follow ...

Cognac export revenues slid more than 10% in 2024, primarily due to the challenges the sector is facing in China, trade-body figures show. Exports to China – said to be the biggest market for Cognac ...

(Bloomberg) -- Pernod Ricard SA cut its sales outlook on a slump in Cognac demand in China ... Pernod, whose brands also include Absolut vodka, said organic net sales will decline by a low ...

Hennessy is the largest cognac house in the world. Founded by Irish immigrant Richard Hennessy, the House of Hennessy commands approximately 40% of the world cognac market. Hennessy produces a full ...

The tulip glass, an iconic piece of glassware, has a rich history intertwined with the world of fine beverages. Particularly ...

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China has already imposed temporary tariffs on European brandy imports, hurting Pernod's sales of its Martell cognac brand. The impact of tariffs, which could become permanent, forced Pernod to cut ...

Last year, Pernod divested a large portfolio of wine brands. Pernod Ricard also owns ... hurting Pernod's sales of its Martell cognac brand, in retaliation for punitive duties on China-made ...