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Sideco steps down
6 mars 2006
Sideco (society for the development of cognac), a financial link between brokers and wine growers, is expected to put an end to its activities within 2 to 3 years.

Cognac overproduction ?
3 mars 2006
According to the magazine "Le Paysan Vigneron" cognac pot stills may produce 580,000 hl of pure alcohol before 31 March compared to a target of 544,000. Overproduction last year was only 14,000 hl.

Record profits for LVMH
3 mars 2006
The current operating result of the luxury goods group LVMH (Hennessy cognac) forged ahead in 2005 by +16% to 2.743 billion euros for turnover of 14 billion. The current operating margin has risen by 1 point to 20%.

Camus distributing Chinese brands
3 mars 2006
Camus now distributes "Dragon Seal" products from the leading Chinese wine exporter in its network of duty free outlets. Camus hopes that distributing Chinese brands (3 others joined the network last spring) will attract Chinese customers to its cognacs.

Promotion committee for vins de pays charentais
2 mars 2006
Caroline Quéré, a wine grower at Chaniers (near Saintes) has been elected president of the committee for the promotion of vins de pays from the Charente area.

Cognac stand very popular
2 mars 2006
At the Paris Agricultural Show, the cognac stand, for which the BNIC spent 50,000 euros, is one of the most visited.

Matrix wants to stock 14,000 tons of alcohol
1er mars 2006
The Matrix brokerage (2003 turnover of 20.6 million euros, Merpins) wants to construct an alcohol storage facility (146,000 hl, 14,000 tons) at Jarnac-Champagne. A public benefit inquiry has been opened concerning the site which would be classed as a lower tier Seveso establishment.

Cognac wants to make an impact in Paris
1er mars 2006
The BNIC is counting a lot on its presence at the Paris Agricultural Show.

Cognac exports rise
1er mars 2006
Exports of cognac have risen over the last 12 months by 4.2%. Sales have progressed by 3.3% to 140.1 million bottles.

Cognac boosts sales of wine and spirits
21 février 2006
In 2005, French exports of wine and spirits reached 7.74 billion euros (a 2.2% rise compared to 2004) after two difficult years. Cognac exports exceeded 1.35 billion (+9.3%). In India, sales of cognac exceeded 3,000 cases per year. Taxation, quotas etc are limiting the growth of spirits in this country. French vodka (mainly Grey Goose) has risen by 19.20% in value and 15.5% in volume. The BNIC is investing 50,000 in a stand at the Paris agricultural show (from 25/02 to 5/03).

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