Beverage Dynamics - Nov/Dec 2002 - Very Sweet on... -
[Cached Version]
Published on: 12/12/2002
Last Visited: 12/12/2002
"Courvoisier really led the charge with showing that cognac is versatile, that it does not just have to be in a snifter," said Stephanie DeBartolomeo, group marketing director at Allied Domecq.
Hennessy aims to pump up holiday sales with its festive p-o-s materials.
Though expanding consumers' perceptions of Courvoisier's uses, Allied Domecq's marketing efforts also emphasize some core qualities of the brand and of cognac as a whole."Cognac is probably the most luxurious brown good -- and that is how consumers perceive it," said DeBartolomeo.The brand has been holding Club Courvoisier events on-premise, in markets where legal."These are more than just sampling opportunities," said DeBartolomeo."They show the brand to be sociable, fashionable, leading-edge."
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L'Espirit de Courvoisier is, DeBartolomeo said, the oldest and most expensive of them all.A 750-ml bottle -- a Lalique decanter, actually -- of this limited-edition cognac retails for $5,000.
At that price, of course, sales of L'Espirit will be very small.However, many brands are establishing upscale products, at the VSOP and XO levels, which will enable consumers to trade up more frequently.
"It's like Scotch," explained Hennessy's Sorota."With that spirit, a consumer might come in on a blend and then move into single malts."Hennessy's higher-end brands are XO, which retails for $120, and Paradis, introduced this year, which comes in a decanter and retails for $240.