. Military Space News .
TRADE WARS
Cognac craze in US, China prompts Hennessy expansion
by Staff Writers
Paris (AFP) Oct 18, 2017


The world's biggest brandy producer Hennessy on Wednesday opened a new plant in southwest France to try to satisfy the seemingly insatiable thirst for its liquor in the US and Asia.

The venerable distillery, which was bought by LVMH luxury goods group in 1987, sold 83.8 million bottles of drink last year.

Half of its output went to the US and a quarter to Asia, excluding Japan.

The new bottling and logistics facility in the village of Salles d'Angles -- a few kilometres from the town of Cognac after which Hennessy's variety of brandy is named -- will give a much-needed boost to production, LVMH CEO Bernard Arnault said.

"It's not a bad problem to have but our stocks are very low and we cannot meet demand. We're short on bottles and on product because of the success of our products across the Atlantic and in China," Arnault said at Wednesday's launch.

Hennessy aims particularly to turn out more bottles of the VS (Very Special) cognacs popular in the US and the VSOP (Very Special Old Pale, aged for at least four years) and XO (Extra Old, aged for over 10 years) varieties beloved of big-spending Chinese customers.

Hennessy CEO Bernard Peillon told AFP he aimed to quadruple output over the next 25 years.

kd/cb/jm

LVMH - MOET HENNESSY LOUIS VUITTON

TRADE WARS
US moves closer to EU position on taxing tech giants
Washington (AFP) Oct 14, 2017
Washington is softening its position on European plans to impose taxes on US tech giants such as Apple and Google, officials said this week. The evolving attitude in recent days would mark a stark shift from American officials' frustration at previous efforts by European authorities to collect taxes from Silicon Valley firms. "The United States is open to considering the matter and they ... read more

Related Links
Global Trade News


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
US to sell $15 bn THAAD missile defense to Saudi Arabia

Australia's new frigates to feature long-range missile defence system

PAC-3 MSE Test Successful from Remote Launcher

Saudi intercepts Yemen rebel missile

TRADE WARS
State Department approves sale of AMRAAM missiles to Netherlands

Lockheed Martin test of ATACMS missile system successful

Missile test fears as N. Korea marks key party anniversary

Raytheon integrates Stinger missile with armored vehicle

TRADE WARS
Death toll from US drone strike in Pakistan rises to 26: officials

UK will not confirm drone death of IS 'White Widow' recruiter

New long range drones expected in 2018

Boeing to acquire Aurora Flight Sciences

TRADE WARS
82nd Airborne tests in-flight communication system for paratroopers

SES GS to Provide More MEO-enabled SATCOM Solutions for U.S. Government

L3 satellite terminals for Air National Guard

Asia-Pacific nation orders Harris communications gear, network

TRADE WARS
Israeli artillery shells becoming precision guided weapons

Rheinmetall, Paravan team on autonomous vehicle technology

Orbit Logic Awarded Navy Autonomy Contract

Australia seeks small diameter bombs from U.S.

TRADE WARS
Whistleblower protection bill sent to President as complaints of retaliation grow

UK defence giant BAE Systems to axe almost 2,000 jobs

Leonardo opens new site in Australia

Australia to upgrade submarines, frigates

TRADE WARS
Trump puts America first, but more and more alone

India, Russia to hold first 'tri-service' war games

China's Xi caught between Kim nukes, Trump tweets

Lithuania hikes defence budget to meet NATO target

TRADE WARS
Long nanotubes make strong fibers

Paper-based supercapacitor uses metal nanoparticles to boost energy density

Nanoscale islands dot light-driven catalyst

Tungsten offers nano-interconnects a path of least resistance









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.