Jas Hennessy & Co.
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Jas Hennessy & Co., commonly known simply as Hennessy (French pronunciation: [ɛnsi]), is a French cognac distiller with its headquarters located in Cognac, France. Jas Hennessy & Co. sells about 50 million bottles a year worldwide, making it the largest cognac producer, supplying more than 40% of the world’s cognac, a variety of brandy. The company is owned by Moët Hennessy, which is in turn owned by LVMH (66%) and Diageo (34%).
The Hennessy cognac distillery was founded by Irish Jacobite military officer Richard Hennessy in 1765.[1] His son James Hennessy gave the company its name Jas Hennessy & Co in 1813.[2] During the 1970s, Kilian Hennessy, a fifth-generation direct descendant of Hennessy, became the CEO of Hennessy, succeeding his first cousin Maurice-Richard. Kilian Hennessy spearheaded the company’s 1971 merger with Moët et Chandon, which created Moët Hennessy.[3]
Moët Hennessy merged with Louis Vuitton in 1987, creating one of the world’s largest luxury brand conglomerates, Louis Vuitton • Moët-Hennessy or LVMH. In 1988, a management crisis led to the group’s takeover by Bernard Arnault, owner of the haute couture house Christian Dior, with the support of Guinness.[citation needed] Kilian Hennessy remained on the company’s advisory board until his death in 2010 at the age of 103.[3]
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