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Rumors about Remy-Cointreau
12 avril 2006
Fresh rumors have emerged about a takeover of Remy-Cointreau (Remy-Martin cognac) which is controlled by the Hériard-Dubreuil family (44% of capital and 55.17% of voting rights). Yesterday the share price stood at 43.75 euros (+6.27%). There is speculation that the final share price may be 50 euros.

Marie Brizard doubles its sales
12 avril 2006
Marie Brizard (Gautier cognac in Aigre) has doubled its sales of spirits at 106 million thanks to the contribution of the William Pitter brands. Group turnover is 334 million (+16%), net profits are 12 million (+21.6%).

Superior qualities of cognac
11 avril 2006
Superior qualities of cognac (VS, 3 star and similar products) represent 53% of shipments over a year. They have risen by 2.6% in North America and by 4.2% in the Far East. They have fallen by 0.9% in Europe. VSOP cognacs account for 36% of shipments.

Cognac : end of “double use”
11 avril 2006
In the cognac vineyards, the “double end” system (disposing of the harvest on several markets) is to be replaced in 2007 by a system of predetermined land allocation, but this may be delayed as Europe has not yet finalized the new organization of viticulture markets (CMO).

Cognac shipments in February
10 avril 2006
Shipments of cognac rose by 14.2% in February compared to February 2005.

Louis Royer cognacs in the land of the rising sun
5 avril 2006
The Angoulême Chamber of Commerce and Industry welcomed the head of a Japanese company and the general director of the French Chamber of Commerce and Industry in Japan, for a day of work with the Louis Royer cognac house.

Labor unrest in cognac
5 avril 2006
At Martell & Co, where the cooperage (17 employees) is due to be sold to Saury, a company based in Brive, on 1 May (with expansion possibilities), the coopers went on strike on 31 March to demand their redeployment at Martell or transfer compensation. At Rémy Cointreau, the works committee meeting on Friday considered itself unable to give an opinion regarding the scheduled layoff program (126 job losses including 77 at Rémy Martin in Cognac and Merpins) and appointed an accountant and a lawyer to examine the program.

Oeneo turns situation round
28 mars 2006
Oeneo (Sabaté corks, Seguin Moreau and Radoux cooperages, at Cognac and Jonzac) has reported a drop in turnover for 2005 at 14.6 million euros, but net profits of 900,000 euros (losses of 64.8 million in 2004). Turnover in barrel-making was 85.6 million (+1.5%).

Restructuring at Rémy-Martin
28 mars 2006
Managers of the group CLS Rémy-Martin have announced the loss of 77 jobs at Rémy-Martin, the second largest cognac house, (out of 391, some 20% of total personnel) with 55 taking early retirement and 22 taking voluntary redundancy. Remy-Cointreau justifies the restructuring through the urgent necessity to reduce the performance gaps with its competitors.

Martell maintains growth
28 mars 2006
The Martell cognac house has reported volumes up by 9% and billings up by 23%. Boosted by the successful integration of Allied Domecq in 2005, turnover at Pernod-Ricard rose by 66.7% in 2005 to 3.27 billion euros and net profits shot up by 51% to 488 million.

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