Add the Pernod to a large wineglass. Turn the glass around so that the Pernod coats the sides. Add the Cognac. In a small bowl, combine the sugar and Curacao, allowing the sugar to dissolve. Pour this into the wineglass. Stir. Add 3 or 4 ice cubes. Fill with the pink Sparkling Wine.
Fill a mixing glass with ice. Add the Pernod and Grenadine and shake. Pour into a highball glass filled with ice. Top off with Club Soda. Do not stir and serve.