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The news

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).

Hine investing in Grande Champagne
28 décembre 2004
The Hine cognac house (part of the Angostura group) has just invested in 120 hectares of land and vines (76 hectares in production) in the Grande Champagne. Hine is considering the installation of bottling facilities on its site at La Touche. 6 or 7 jobs should be created next year.

Sharp rise in cognac shipments
28 décembre 2004
Cognac shipments have risen by 5.6% in a year (11.3%) in November.

Promoting cognac in the kitchen
28 décembre 2004
Numerous wine growers have held open days as part of the "bonnes chauffes" operation and several chefs from the region, led by Jean-Yves Homo, a chef from Saintes, are working to promote recipes based on cognac.

Godet cognacs move to Laleu
28 décembre 2004
After four years of negotiations and strained relations, Godet cognacs are moving to Lalue from the Saint-Nicolas district of La Rochelle in the first half on 2005. This puts an end to 222 years in the area.

Oenéo
28 décembre 2004
Oenéo is to set aside 25 million euros as provisions in its accounts for the second quarter of 2004 to cover the cost of its restructuring plan (concentrating on corks and savings in the cooperage sector). In order to compensate the effect of these provisions on the balance sheet, a recapitalization of 26.7 million will be proposed during the AGM in the spring. The Hériad-Dubreuil family holding will subscribe 20 million.

Award for Jenssen
22 décembre 2004
Jenssen cognacs have won the Francois 1st prize for the Arcana packaging at the packaging fair at the end of November.

Remy-Cointreau rating reduced
22 décembre 2004
The financial rating agency Standard & Poor’s has reduced the long-term debt rating of Remy-Cointreau from"BB" to "BB-", considering that the fall of the dollar would not enable the company to reach its objective of covering 15% of its net debts with funds produced by operations.

Award for Abécassis
22 décembre 2004
The XO Grand Cru from Cognac ABK6, the new brand launched by Abécassis Vineyards, has just won a Gold Medal in the International Competition "Alambique de Oro" in Caracas (Venezuela) for its first official entry in competition. Abécassis website

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