Cognac

Cognac Probe in China Postponed: Insights from France's Barrot

2 months ago

In a recent development concerning the global spirits industry, a significant investigation into the cognac market in China has been delayed for three months. The announcement was made by France's Secretary of State for Trade, Olivia Barrot, amid rising tensions in international trade dynamics affecting various sectors, including luxury goods.

Cognac Producers Call for Urgent Talks with China Amidst Major Financial Losses

4 months ago

In a distressing turn of events that has sent ripples through the cognac industry, French producers are facing significant financial setbacks as they grapple with plummeting exports to China. The group representing these cognac makers has made a public appeal to the French government to expedite diplomatic discussions with China to mitigate the situation, which has seen sales decline dramatically over recent months.

Cognac Faces Blockade in Chinese Duty-Free Market Amid Tariff Dispute

4 months ago

In a significant turn of events, the iconic French spirit, cognac, has encountered substantial restrictions in China's duty-free market, sparking an escalating tariff conflict between France and China. This prohibition places cognac brands in a precarious position, limiting their access to one of the world’s fastest-growing consumer markets.

Rémy Cointreau's Sales Plummet in the U.S. Amid Consumer Spending Cuts

4 months ago

In a challenging economic landscape, luxury alcohol producer Rémy Cointreau has reported a significant decline in its sales within the United States. The company revealed that U.S. sales have seen a downturn as consumers increasingly cut back on spending, reflecting broader economic pressures affecting discretionary purchases.

France Strengthens Support for Cognac Producers Amid Rising Trade Tensions with China

8 months ago

In response to escalating trade tensions between China and France, the French government has pledged unwavering support for its cognac industry, a vital segment of its economy that has faced significant challenges. The commitment comes after reports that Chinese regulators have imposed stricter import controls and monitoring of French cognac, a move perceived as a retaliation against ongoing diplomatic conflicts.