The economic downturn could restore balance in Cognac, according to Courvoisier president and master blender Jean-Marc Olivier.
He said: “We know that the performance of the Cognac category is linked with the health of economy.
“We have had a fantastic period of time since 2000, with fantastic growth for Cognac and consequently there were some problems of supply for some companies. Now the economy is declining, it's a normal cycle, and the situation of the stock will shortly reach a balance.”
Jean-Marc also said that climate change means the harvest gets earlier every year, and it is a full two weeks earlier than it was twenty years ago.
Courvoisier is celebrating the launch of the 2009 Future 500 list, a members’ network of 500 rising stars in the UK.
Credit crunch could bring balance to Cognac
05 December, 2008
The economic downturn could restore balance in Cognac, according to Courvoisier president and master blender Jean-Marc Olivier.