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The shortage exists because there was an unprecedented spike in Hennessy sales in the first quarter of 2017. The unexpected demand depleted the supply. According to Cognac.com: While LVMH revenues from the United States grew at a lower pace than other global regions, sales of Hennessy cognac skyrocketed.
By October, that shortage was confirmed, and suddenly people were very aware of the lack of bottles on store shelves. Furthermore, why is Hennessy so expensive? Distilling other liquors is much less expensive than distilling cognac. 90% of other liquors are produced using distilling procedures where the cost is very low.
Why isn’t Hennessy white sold in the US? There is no identifiable reason why Hennessy Pure White cognac is not sold in the United States, and the Hennessy company does not publicly revealing that reason. Hennessy Pure White Cognac has taken on a mysterious quality due to it being hard to find for those that live outside Europe or the Caribbean.
It grew between 15 to 20 percent over the past three years, mostly on the back of its entry V.S. bottling. In the U.S., more than 80 percent of Hennessy’s sales come from V.S., and those sales increased 30 percent in the measured three year growth period.
How old is Hennessy’s youngest Cognac?
There’s both good news and bad news here. The bad is that there’s no quick fix, because even Hennessy’s youngest Cognac is aged between 2 and 8 years. The good news is that Hennessy is well positioned to bounce back in the near future.
The new vineyards will take up to six years to start producing usable grapes, but Hennessy CEO Bernard Peillon stated that Hennessy could release more of its reserve stocks if they know it’s going to be replaced by product from the new vineyards, according to Reuters .
More than 98 percent of Cognac is exported, according to the BNIC, and 2017 had the highest volume and value of export ever. More than 40 percent of those exports went to North America, so when things scale back, it’s highly noticeable in the U.S.
There’s a Hennessy Shortage. Here’s What You Need to Know. In April of 2017, executives from Hennessy announced that a possible Hennessy shortage could happen by the end of the year. By October, that shortage was confirmed, and suddenly people were very aware of the lack of bottles on store shelves. Philadelphia Magazine wrote that “ Pennsylvania …
Why is there a Hennessy shortage?
The shortage exists because there was an unprecedented spike in Hennessy sales in the first quarter of 2017. The unexpected demand depleted the supply. According to Cognac.com:
There’s a Serious Hennessy Shortage in America, and It’s Actually Donald Trump’s Fault (Seriously) Hennessy is a criminally overrated cognac. I maintain that it’s actually more fun to say “Hennessy” than it is to drink it. Because Hennessy tastes like ATM runs at 3 a.m. Hennessy tastes like puddle water and penitence.
Why is the supply of cognac 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.
aldomarino said: It’s not only a matter of “ramping up.”. Cognac HAS been degraded over the last several decades. But the main throttle is that it can only be produced from grapes grown in the town of Cognac and Jarnac, and perhaps a couple of other nearby places.
There’s a Hennessy Shortage. In April of 2017, executives from Hennessy announced that a possible Hennessy shortage could happen by the end of the year. By October, that shortage was confirmed, and suddenly people were very aware of the lack of bottles on store shelves.
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