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Young farmers promoting cognac
5 juillet 2005
Christophe Monnet is the new president of the AJAAC association. His objectives include : developing the closer links between the association and the distillers’ association. In addition, the 8th cognac festival takes place on the quays from 14 to 17 July. On the program : concerts (Louis Chédid, Sinclair) and events associated with cognac (tastings). Last year, 1,000 bottles of cognac were drunk during the festival.

Pernod / Allied : final go-ahead
5 juillet 2005
Following the decision of Constellation Brands not to make a counter offer, the approval of the European and American competition authorities, and the approval by shareholders of Pernod-Ricard (Martell cognac) to increase its capital by 2 billion, the sale of Allied Domecq to Pernod Ricard cleared another hurdle on 4 July when 99.8% of Allied Domecq shareholders voted in favor at their GM. The takeover is due to become effective on 26 July.

Delamain : niche cognacs
29 juin 2005
In Jarnac, the Delamain cognac house remains independent and is concentrating on the XO market and small runs of millesime cognacs (1,500 bottles per year)

Stoppage at Hennessy
29 juin 2005
A three hour stoppage occurred on 21 June at Hennessy in Cognac, following a disagreement over profit-sharing bonus negotiations. Unions are calling for 5.96% of the total wage bill whereas management offered 4% in 2005, 4.8% in 2006 and 5.5% in 2007. Negotiations have resumed on 27 June, but no agreement has been found.

"Gallis", a new cognac
29 juin 2005
The "Gallis" cognac was launched on 21 June at the Vinexpo faire in Bordeaux. It is financed by a Russian holding in association with a Danish marketing company.

Cognac exports : +17.7% in sales
29 juin 2005
135.1 million bottles of cognac have been exported in the last twelve months (+2.7%) for a rise in sales of 17.7%

Pernod/Allied takeover : Brussels says yes
29 juin 2005
On Friday Brussels gave the go-ahead to the takeover bid from Pernod Ricard for Allied Domecq but asked for several brands to be sold off including the "1920" cognac and "CF&F".

Cognac soon in the "FT"
29 juin 2005
The Financial Times is preparing a special supplement on the economy of cognac.

Dominique Bussereau on the threshold of the brotherhood
29 juin 2005
The minister of Agriculture Dominique Bussereau will be enthroned in the confrerie du franc-pineau on Saturday 2 July.

Hennessy : still negotiating
29 juin 2005
Management and unions are still negotiating about the profit-sharing bonus. Management has offered 4% of the total wage bill in 2005 (4.8% in 2006 and 5.5% in 2007). The proposals have been rejected.

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