Cognac struggles with a waning market worldwide

The Journal Record | August 22, 1997 | Copyright

NEW YORK (NYT) -- Not many years ago, the Far East was a booming market for Cognac and wine was mostly an afterthought. Since then, Asia has become the newest market, and potentially one of the most lucrative, for fine wine -- apparently at Cognac's expense. Cognac is in trouble around the world, but particularly in the Far East.

Wine makers from all over the world have been flocking to Japan, China, Singapore and Thailand and have been received with open arms. Part of this new enthusiasm stems from the perception that wine, particularly red wine, is good for you, and part of it from the ...

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