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GLOBAL: Cognac FY sales slide as China troubles bite - figures

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Global sales of Cognac have fallen by 10.2% by value in the last year as China's crackdown on corruption continues to bite, according to reports. 

Cognac sales and volumes have fallen globally in the full-year

Cognac sales and volumes have fallen globally in the full-year

Figures from trade body The Bureau National Interprofessionnel du Cognac (BNIC) this week, cited by the Wall Street Journal, also show global volumes of the category slid by 6.7% in the 12 months to the end of July. In the "Far East" region, which includes Southeast Asia, China and Japan, exports dropped by around a fifth in volume and value terms, the BNIC said. 

The body attributed the decline in Asia to China's on-going anti-extavagance measures. 

Cognac producers - including Remy Cointreau, Pernod Ricard and Diageo - have been hit hard by the downturn in the market due to the clampdown

A new joint IWSR/just-drinks report is now available analysing when the market in China will recover. Click here for details


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