Wine Enthusiast
9 months agoWine
U.S. Cognac Sales Are Plunging-Here's Why
Rémy Cointreau's U.S. sales have plunged by 43% in the first half of 2023 due to a drop in demand for expensive liquors and a promotional price war with rivals.
2023 is a down year for the spirits industry, with consumers trading down from premium to lower-priced spirits.
The Cognac category, including Rémy Cointreau's rival LVMH, is experiencing a significant decline in sales. [ more ]