Showing posts with label 2017. Show all posts
Showing posts with label 2017. Show all posts

Wednesday, December 6, 2017

FAKE WINES LABELED HENNESSY FOUND IN CHINA

LVMH's Moet-Hennessy Unit, and logo 
LVMH's Moet-Hennessy Unit, and logo

Source: the drinks business
by Natalie Wang
5th December, 2017

Following a formal complaint filed by French luxury group Louis Vuitton Moët Hennessy, the Beijing Administration for Industry and Commerce has busted a local Chinese wine company which has been selling counterfeit Rhône wines it claimed were made by Moët Hennessy.

The wines in question, purported to be Côtes du Rhône, are distributed by a company called Shanghai Haotuo International Trading Company Ltd based in Beijing's Fengtai District, and each wine carries a back label stating that it's made by Moët Hennessy, using its trademarked Chinese name, reported Beijing TV.

In fact, Moët Hennessy doesn't make wines in the Côtes du Rhône or indeed any part of the Rhône Valley.

Speaking of one of the wines called; 'Wan De Da Special Reserve', an officer called Zhang Peng with the bureau, explained that: "This is to mislead consumers to let them believe the wine is produced by Moët Hennessy."

However, the wine in question has a front label that says it's a Côtes du Rhône Villages Sablet 2003 with a suspiciously sounding French company name called 'France Henris Co Ltd'. Henris in Chinese sounds phonetically similar to Moët Hennessy's Chinese name.

Another imperial bottle claimed to be made by Moët Hennessy with a Chinese name 'Wei Da Mu Special Reserve' is described as "the most treasured bottle" in the shop. It sells for a staggering RMB 99,999 (US$15,121) a bottle. The wine's label says it's a 2007 Côtes du Rhône Sablet, but its back label says it's made by Moët Hennessy.

According to the report, police found more than 500 bottles of counterfeit wines with labels saying they are produced by Moët Hennessy. The wines' retail prices at the shop range from RMB 300 to RMB 99,999.

In a Chinese statement by Moët Hennessy, the company reiterated that it "under no circumstances" had granted Shanghai Haotuo International Trading Company Ltd any right to use its company name, and the products are not produced by Moët.

It's unclear based on the report if any suspect has been arrested.

This is the latest case taken by Moët to crack down on counterfeit wines using its branded names. Previously the company won a court case against wine auction house Acker Merrall & Condit concerning a counterfeit bottle of Krug Collection 1947.

Wednesday, November 29, 2017

INCREASE SHOPPING FROM MILLENNIALS THIS END OF THE YEAR 2017

Cognac News and Economy 
Cognac News and Economy

While most consumers (54%) say they’re keeping their holiday spending about even with last year, young adults (18-24 years old) are likely to increase theirs, according to survey released last week by the National Retail Federation and Prosper Insights & Analytics.

  • Barely a quarter (24%) of consumers overall say they’ll spend more this year, but nearly half (46%) of those aged 18-24 — which includes the oldest members of Generation Z — and 39% of those aged 25-34 years old, will spend more than they did a year ago.
  • Many of America’s youngest consumers will also be heading to stores this season, according to a survey from Junior Achievement USA. Most (54%) plan to do much of their shopping at brick-and-mortar discount stores like Walmart and Target this holiday season. Less than half of teens (46%) said that they would be doing much of their shopping online, while about a third (34%) planned to head out to the shopping malls.

Source: RetailDive

Tuesday, October 17, 2017

USA COGNAC SALES COULD SURPASS 6 MILLION CASES SOLD

Cognac Sales Image Logo Icon 
Cognac Sales Image Logo Icon

Cognac continues to thrive in the USA with category leader Hennessy leading the way. Or dominating would be a more proper statement.

Depletion was 17% up in 2016 compare to 2015, with over 1 billion USD sales which is 5 times more than 2011 in the US.

Hennessy makes 1.6 billion USD sales of cognac/year/world and it is looking at beaking the 2 billion USD sales soon which would be the new high.

Remy Martin plays well as a 2nd with +9% sales and a volume of  823,000 cases sold in 2016.  Remy Martin is in contrast to Hennessy in particular focusing on non-VS qualities such as VSOP and 1738 Accord Royal, noting sales from Jan-Sept to be +15% with $431m worldwide, and interest for higher end cognac in the USA.

Courvoisier (owned by Beam Suntor) is the third-largest Cognac in the U.S., and advanced by 6.2% to 470,000 cases in 2016.

Martell (owned by Pernod-Ricard) ranked fourth, and crossed 100,000 cases last year on 6% growth after starting a come back in the USA in 2016. They had left to focus on China but ...
Cognac d’Ussé (a Bacardi brand) launched in 2012, made in 2016 +48% with 86,000 cases sold. It is produced by Cognac Otard not sure why Bacardi is not interested in Otard!

Source: ShankenNews

Wednesday, September 6, 2017

BNIC PREDICTS THAT THE 2017 COGNAC HARVEST WILL BE ON 10TH SEPTEMBER

Cognac landscape photo 
Cognac landscape photo

Harvest was initially expected on 15th Sept. but it has been moved earlier to the 10th September according to Bureau National Inteprofessionnel du Cognac (BNIC). Average date for harvest is historically approx. 23rd Sept.

The BNIC expects that the 2017 will be the smallest harvest since 1945 due to various weather conditions and in particular the late frost in May.
In late August 2017, the average acidity was 11.1 g/L H2SO4 for a  pH of 2.8 and with a potential alcohol % of 7.4%.

The area of the Cognac AOC not damaged by frost can expect 110 to 120 hecto liter per hectar of wine, whereas the frozen vineyard areas will only make 40 to 50 hl/ha, which will make a potential harvest on average for 2017 of 80-90 hl/ha.

Normally, the average is over 100 hl/ha, with an average for the past 10 years being of 107 hl/ha.
This is caused by the lower number of grapes per bunch with 37.5 grapes per bunch compared to the average of 53.5 grapes for the past 10 years.

Surprisingly, the grapes bunch weighted about 420g which is well above the 10 years average of 357g.
The BNIC recommends harvesting grapes with a rate of alcohol of 8.5 to 10.5% for an total acidity above 7.5 g/l H2SO4.

Source: Vitisphere

Monday, May 15, 2017

2017 WORLD BEST COGNAC GOES TO CROIZET EXTRA

Cognac Croizet Extra
Cognac Croizet Extra

Today the San Francisco Spirits Competition announced the winner of the 2017 world best cognac. For the first time Cognac Croizet receives this prestigious recognition. Congrats!

The Cognac Croizet Extra (about $230) received the highest score for the 'cognac' category but also for the overall brandy category which is very impressive.

Cognac Croizet has been recently noticed for its vintage and antique cognacs fetching high prices in wine & spirit auctions.

This prize marks a milestone in the many achievements recived by the brand since its establishment in 1805.

I also noticed a number of cognac brands which I had never heard before such as Blancrux, Honor, Marquis de La Fayette, Mery-Melrose and Voltaire.

Thursday, April 27, 2017

COGNAC MIGHT BE LOOSING 60% OF ITS HARVEST DUE TO BAD WEATHER

Cognac vineyard, landscape
Cognac vineyard, landscape

A little bit of rain on Wednesday 26th April yesterday and -5 degrees celsius this morning at 5am caused an estimated 60% loss of  potential harvest. Today, the authorities are meeting to review the situation.

Early in the morning, producers were setting camp fires in every corners of their vinyards. Some went all the way to hire the service of helicopters to fly over the vineyards to mix the air in hope of rising the temperatures.

This is not good!