Pernod Ricard

Hennessy Suspends Plans To Bottle Cognac In China

French cognac maker Hennessy has suspended a plan to bottle its brandy in China to avoid tariffs, staff briefed by management have said.

The chief executive of Campari Matteo Fantacchiotti abruptly stepped down on Wednesday after just five months heading the company.

Investors for Remy Cointreau have said that it needs to diversify as its reliance on cognac leaves it badly hit by a global spirits downturn.

Pernod Ricard has agreed to sell the majority of its wine portfolio to Australia’s Accolade Wines to focus on its spirit business.

French spirits sales and exports have dropped sharply this year as consumers continued to cut back on spending in the face of cost of living.

Irish Distillers today announced the results for the first half of the 2024 financial year, experiencing -1% net sales.

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