MARKETING/DESIGN/CONSUMER TRENDS/INSPIRATIONS Cognac & Brandy News for Consumers & Industry Experts
Moët Hennessy’s flagship brand, namely, Hennessy Cognac continues to see sales increases in its U.S. market.
With a 64% share of the U.S. Cognac market, Hennessy’s accelerated pace helped drive the category’s total U.S. depletions to just under 4 million cases on a 7.7% increase last year.
Hennessy is trying to (1) widen Cognac’s audience and (2) cognac’s consumption occasions.
Hennessy Cognac is a leader in the category to invest in reaching out to mixologists and have significantly built up on this momentum. But also through its campaign “never stop.never settle” and the inspiration from the “wild rabbit“, Hennessy has drawn a great deal of positive attention.
The breadth Hennessy’s product line allows the brand to cover wider market segments: VS ($32), Black ($40) and VSOP Privilège ($50-$60) tiers. In a Upward stretch the range also includes Hennessy XO ($160), Paradis ($250), Paradis Impérial ($3,000) and the deluxe model Hennessy Richard ($4,800).
The brand is able to provide experiential marketing views so important to millennial consumers as emotional references. This target is very focused on the pleasurable and meaningful aspects of brand interaction.
To keep up with growing global demand, Moët Hennessy recently broke ground on a new 26,000-square-meter (280,000-square-foot) shipping and bottling facility in Cognac. The Pont Neuf facility will have a production capacity of about 10 million cases a year when it becomes operational, expected by 2017.