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Rémy-Cointreau bond issue
12 janvier 2005
Rémy-Cointreau is to issue a 150 million euro high-yield bond to refinance its 319 million Oceane bond which comes to maturity in 2006. Despite being harshly marked, the share price is at its highest level for two years, as analysts consider that Rémy-Cointreau has potential for growth if it has closer ties with other firms in this sector. In another move, Rémy-Cointreau has just hired Anne-Charlotte Amory, formerly with Danone, to manage its champagne branch, currently in difficulty.

Oeneo reaches agreement with the banks
12 janvier 2005
Oeneo (corks and barrel-making, including Seguin-Moreau in the Charente and Radoux in Charente-Maritime) has reached an agreement with the banks to defer repayment of a 76 million euro loan for two years.

D. Hériard-Dubreuil : Legion of Honour
12 janvier 2005
Dominique Hériard-Dubreuil, CEO of Rémy-Cointreau has been promoted to the rank of Officer in the Legion of Honour.

Oeneo sells a stave mill
12 janvier 2005
Oeneo (corks and barrel-making, including Seguin-Moreau in the Charente and Radoux in Charente-Maritime) has announced the sale of a stave mill in the United States for 900,000 euros. Thanks to this sell, 385.000 euros will be invest in a Seguin Moreau french oak stave mill.

Strike at Taransaud
12 janvier 2005
Workers at the Taransaud cooperage (Merpins) went on strike on 10 January to call for a pay increase.

3 vineyards unite for Athanor
5 janvier 2005
Three vineyards (B. Vergnaud at Ligné, J.-Y. Varagnac at Charmé and the GAEC Champ-de-Frêne at St-Fraigne) have joined forces to produce and market "Athanor" cognac through an economic interest grouping.

Tourism : Camus changes its strategy
5 janvier 2005
The Camus cognac house has decided to give up using the little train in the town of Cognac for tourist visits. It wishes to concentrate on tourism centered on "ambassadors and epicureans".

Pernod-Ricard - solidarity with Asia
5 janvier 2005
The Pernod-Ricard group (owners of Martell cognac) has made a donation of 700,000 euros to the disaster victims in south east Asia.

Record cognac harvest
5 janvier 2005
The BNIC trade organization has announced a 2004 harvest of 9.9 million hectoliters in the delimited region. The Charente has 36,770 hectares and produced 4.930 million hectoliters whereas the Charente-Maritime has 35,919 hectares which produced 4.975 million hectoliters.

Armagnac back in shape
5 janvier 2005
Sales of Armagnac in 2004 rose by 1% in France and by 3% abroad. In the 1980s, the sales record stood at 14 million bottles and is currently at about 5.7 million (60% in France, 40% in exports).

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