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Allied Domecq : good results
27 octobre 2004
The Allied Domecq group (Courvoisier cognac) has reported pretax profits on 31/08 of 755 million euros (+6%). Its sales have dropped slightly to 4.64 billion euros.

Martell increases its purchase price
27 octobre 2004
The Martell cognac house has announced a 1.5% increase in its purchase price paid to wine growers.

Half-year results at Rémy-Cointreau
27 octobre 2004
Rémy-Martin cognacs of Rémy-Cointreau has half-year sales of 156.1 million euros (+8.6%).

Bnic 2005 budget
27 octobre 2004
The Bnic professional trade organization has approved its 2005 budget of 10.8 million euros, including 1.9 million for communication. Voluntary obligatory subscriptions (CVO) have been reduced by 12 to 20%. The Bnic has decided to continue to organize the Crime film festival for a further three years. An additional 150,000 euros will be injected into the budget for this event (a total of 518.000 euros).

Béatrice Cointreau honoured
27 octobre 2004
B. Cointreau, CEO of Frapin cognacs (Segonzac) has been elected personality of the year by the magazine "Club Cigare".

LVMH counts on the top of the range
27 octobre 2004
LVMH is concentrating on top of the range brands : Hennessy for cognac (but sells Hine) Dom Pérignon, Moët et Chandon and Veuve Cliquot for champagne (but sells Canard Duchêne). The acquisition of Glenmorangie, the leading British whisky, fits into this strategy. LVMH has launched a friendly takeover bid worth 432 million for Glenmorangie. It wants to develop the whisky in Asia and the US. Moët Hennessy represents 18% of LVMH sales but 36% of operating profits.

Viticulture income
27 octobre 2004
In 2003, viticulture income stood at 0.31 million euros, including 0.25 million for cognac, according to the Bnic. Cognac outgoings were worth 1.3 million euros (1.2 million for exports).

Cognac : wine growers gloomy
19 octobre 2004
Although the harvest is good in terms of yield, wine growers are bemoaning the stagnation of their income, limited by costs (distillation, storage, overheads). For a bottle on sale at 17,47 euros : 7.84 euros go to the state, 4.56 to the brokers, 3.23 euros to the store, 1.53 euros to the wine grower and 0.31 euro to the distiller.

Second lease of life for barrels
19 octobre 2004
Didier Navarre, a cooper at St-Sulpice-de-Cognac, has perfected Wilfa, a technique to recondition old barrels. He has processed 750 barrels in 6 months and his system in now accepted by the industry. He has also registered an European patent.

Courvoisier still on the podium
19 octobre 2004
The Courvoisier cognac house, with sales of 1.2 million cases in 2003, is still in the group of three leading cognac houses. The storage warehouses are currently being moved out of the town center. At the start of 2004, Courvoisier had 192 employees.

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