Suntory has sold its Louis Royer Cognac brand to France’s Terroirs Distillers for €100 million (£74m).
Rémy Cointreau’s move into premium pricing has unnerved its Asian and American markets, contributing to a 9% sales decline in the three months to 31 June.
A seaside gin distilled in Edinburgh, a rare, cask-aged 1965 Port and an organic sparkler from Chile’s Limarí Valley are among this month’s top new product releases.
While somewhat steadying the sinking ship that was brought on by an over-reliance on the Asian market, global brandy and Cognac brands still have plenty to improve upon.
Luxury brands of Tequila backed by celebrities such as P Diddy and George Clooney have started to eat into the market share of white and brown spirits.
French spirits producer Rémy Cointreau has said it is open to acquiring new brands in an effort to further premiumise its portfolio.
Spirits producers in the EU will “achieve much more” if they follow a new strategy to focus on building exports outside the continent, a market report has claimed.
Cognac could soon enjoy a long-awaited boost thanks to an improving picture in China and strength of emerging markets, Rabobank’s Q3 spirits report predicts.
Rémy Cointreau’s liqueurs and spirits division was the force behind the company’s modest sales growth in the year to March, especially its Bruichladdich Scotch whisky brand.
A collection of Champagne and Cognac plundered from occupied France by the Nazis and which survived looting by the Soviets has been unearthed in Saxony.
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