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Pernod Ricard adjusts its forecast
28 septembre 2004
The Pernod Ricard group has announced that its operating profits in constant exchange rate terms should be somewhere between +8% and +10%. In the first half year it reached 280 million euros (+11.1%). Martell cognacs have registered an 8% increase in sales.

Cognac sales increasing
28 septembre 2004
Over the year to the end of August, output of cognac rose by 5.4% and shipments by 5.8%, a total of 371,597 hl sold, including +17.4% in the Far East.

Wine in the Charente region
28 septembre 2004
In the Charente and Charente-maritime, some 75,000 hectares are given over to cognac and 2,800 for vin de pays ! In 2003, the two departments produced 106,000 hectoliters (48,000 of white, 17,000 of rosé and 41,000 of red). In comparison, the Bordeaux region produces 7 million hectoliters.

Grape harvest starts for the Maison des Maines
28 septembre 2004
Laurent Lespinasse began harvesting his red grapes on 22 September on the slopes at Fontbelle (Charente). He is a member of the Charente winegrowers association (ACV) in Segonzac which has 180 members for about 380 hectares. The ACV markets the wines of the Maison des Maines which will be employing 300 seasonal workers during the harvest this autumn. In 2002-2003, 250,000 bottles were produced. The objective is to rise to 2.5 million bottles within five years

Seguin-Moreau loses at industrial tribunal
28 septembre 2004
The Cognac industrial tribunal has ruled that there were no genuine or serious grounds for the dismissal of the former director of the Seguin-Moreau cooperage. It has ordered the company to pay him 350,000 euros.

Cointreau : increased sales
28 septembre 2004
Managers at Rémy Cointreau have announced a 7% increase in orders, which will rise from 29,000 to 31,000 hectoliters of pure alcohol.

China in the WTO : good news for cognac ?
28 septembre 2004
China’s entry into the World Trade Organization (WTO) in December may be favorable for the cognac market. China is the world’s ninth largest consumer of cognac with 2.28 million bottles sold. Since the start of the 203-2004 campaign, sales to China have risen by 91.8%. The Chinese market represents 1.8% of the world market.

50,000 euros to promote la Maison des Maines
28 septembre 2004
La Maison des Maines has spent 50,000 euros this summer in communication operations.

Patrick Sauvageot, new CEO for Hennessy
28 septembre 2004
Patrick Sauvageot is the new CEO for the cognac house Hennessy. He replaces Roland de Farcy.

LVMH : 396 million in profits
22 septembre 2004
LVMH (Hennessy cognac) has reported net profits for the group of 396 million euros in the first half year of 2004, a 49% rise compared to the first half of 2003. Operating profits of the spirits branch rose by 4% to 335 million euros.

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