Blog: Downturn to give Cognac a breather?
Olly Wehring | 8 December 2008
Cognac has spent the last couple of years running to catch its tail, hardly able to turn the stuff out fast enough for its growing collective of consumers, from hip-hop stars to China's nouveau riche.
Could it be that the economic downturn will give Cognac a little space to breathe?
It's an unconventional idea, but one that holds some water for Courvoisier president and master distiller Jean-Marc Olivier.
Speaking to him at last week's party for the Courvoisier Future 500 club, he said that a serious global downturn could never be described as a good thing for Cognac. But, he said some parts of the industry may benefit from a slackening of demand.
Cyril Camus, CEO of Camus, another of the region's five biggest producers, said a year ago that continued rapid growth for Cognac would lead to shortages in the near future.
A slight drop in sales may, therefore, help to replenish stocks. Every cloud...
Philadelphia’s soda tax came into force on Sunday, and is reportedly causing a stir in the city's check-out aisles....
Earlier this month, I was most-kindly invited by Accolade Wines to visit the Royal Albert Hall in London. The reason? They wanted to see a tennis great in action, and then give them a guided tour thro...
Do you like whisk(e)y? And, I mean, really like whisk(e)y? Are you at a loose end in the first half of 2017? If so, then I've found just the job for you....
Most of the time, changes at the top of a company present themselves in press releases, stock exchange filings or responses from a spokesperson....
- Interview - Pernod Ricard's luxury director
- What's coming up in wine in 2017? - Comment
- Chile's winemakers caught out by Brexit "disease"
- The just-drinks Analyst - 2017 forecasts
- The Cognac Category - Everything you need to know
- Diageo Australia names new commercial head
- Edrington readies Americas, GTR exec switches
- High-end Cognac making recovery in China - Pernod
- Suntory sends staff to fat camp - report
- "Beer and weed are complements" - analyst
- The Next Seven Big Beverage Markets
- Global vodka insights - market forecasts, product innovation and consumer trends
- Global Cognac insights - market forecasts, product innovation and consumer trends
- Darker Than Before: Global Prospects for Brown Spirits
- Global gin insights - market forecasts, product innovation and consumer trends