After French drinks export shipments to the U.S. dropped significantly in 2020 due to tariffs—whose five-year suspension was announced this past Tuesday—exports have been rebounding strongly in the first four months of 2021. In this calendar year through April, U.S. imports of wine and spirits from France leapt 25% and 13% in volume terms respectively, according to French government agency BusinessFrance. French beer and cider also registered gains during the period.
Provence is now the single-largest region among French wines exported to the U.S. and increased 15% through April in volume terms, driven by ongoing growth for rosé (+17.5%). But the fastest-growing wine region is the Languedoc, which soared 86% year-to-date. Gains were recorded nearly across all segments as vermouth exports to the U.S. rose 41% year-to-date while Champagne surged 48%. Veuve Clicquot and Moët & Chandon together comprise over two-thirds of the Champagne market in the U.S.—according to Impact Databank—and bucked the trend last year by registering volume gains during the pandemic.
With the exception of vodka (-37% year-to-date), imports of French spirits also recorded impressive increases through April. French liqueurs soared 47% in volume terms, while the largest segment, Cognac, rose 49%. After crossing the 5-million-case mark last year, Hennessy Cognac became one of the 10 largest-selling spirits overall in the U.S. market for the first time. Hennessy and Rémy Martin, which is also growing strongly, comprise well over three-quarters of the Cognac market in the U.S., according to Impact Databank.—Juan Banaag
Source: Shanken News Daily: Exclusive news and research on the wine, spirits and beer business
The global pandemic and a trade war with the U.S. delivered a one-two punch to France’s wine and spirits industry in 2020. According to the Federation of Wine and Spirits Exporters (FEVS), exports fell 13.9% last year as the industry hopes a new presidential administration will deliver some relief [ . . . ]
Continue at: France: Exports Of Wines And Spirits Fell 13.9% In 2020
Shakespeare & Co., the iconic Paris bookstore that published James Joyce’s “Ulysses” in 1922, is appealing to readers for support after pandemic-linked losses and France’s spring coronavirus lockdown put the future of the Left Bank institution in doubt.
The English-language bookshop on the Seine River sent an email to customers last week to inform them that it was facing “hard times” and to encourage them to buy a book. Paris entered a fresh lockdown on Oct. 30 that saw all non-essential stores shuttered for the second time in seven months.
“We’ve been [down] 80% since the first confinement in March, so at this point we’ve used all our savings,” Sylvia Whitman, daughter of the late proprietor George Whitman, said.
Since sending the email appeal, Whitman says she has been “overwhelmed” by the offers of help Shakespeare & Co. has received. There have been a record 5,000 online orders in one week, compared with around 100 in a normal week — representing a 50-fold increase. Continue reading “Iconic Paris bookshop asks for help amid virus losses”
Americans have long had a romance going with the City of Light. Today it’s more likely to be rooted in business, technology, according to one young entrepreneur.
Source: The New American In Paris: Writing Code, Not A Novel