According to Reuters, Hennessy already owns around half of the global Cognac market. Further growth put a strain on how much Cognac the brand has in reserves. ... All of that made executives at the company realize that, according to reports on the website Cognac, “they can't go further down in inventory.”Jan 17, 2018
Are we running out of Cognac?
The world's supply of cognac is running low. ... Part of that is because LVMH would rather hold on to the stuff and sell it later in China, where consumers prefer aged cognacs and pay roughly three times the U.S. price per bottle. Production can't be ramped up quickly. Cognac needs at least two years of aging.Nov 7, 2017
What is a replacement for Hennessy?
Hennessy is a Cognac, which is basically French Brandy. Decent Cognac is expensive, but you can substitute American Brandy in most recipes with varying results. American Brandy is a lot cheaper than Cognac, and is a pretty good value.
Will cognac run out?
The world's supply of cognac is running low. ... Part of that is because LVMH would rather hold on to the stuff and sell it later in China, where consumers prefer aged cognacs and pay roughly three times the U.S. price per bottle. Production can't be ramped up quickly. Cognac needs at least two years of aging.Nov 7, 2017