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Oeneo
8 octobre 2003
Oeneo (formerly Sabaté Diosos), which specializes in wine growing equipment, has forecast annual turnover of 172 million euros and operating results of 5 million. In the first half-year, its turnover fell by 15.8 % to 78.8 million.

Camus : new CEO
8 octobre 2003
At 32 years of age, Cyril Camus has become CEO of the Camus cognac house. This summer the company installed a board of directors. Although the company suffered in the spring as a result of the Sars epidemic in Asia, the CEO is looking to return to growth and is launching 4 different "Extra Old". The company sold 200,000 cases in 2002 (98 % in exports). Camus employs 150 people in Cognac and 25 in its overseas subsidiaries.

Allied Domecq : offer rejected
8 octobre 2003
Allied Domecq (Courvoisier cognac) has had its 87 million euro offer rejected by the board of directors of the Australian producer Peter Lehman Wines. It prefers the bid from the Swiss Hess Group.

Cognac : Chinese shipments
8 octobre 2003
Shipments of cognac to China rose by +349.4 % during the 2002-2003 wine-growing year.

Movement at Hardy
8 octobre 2003
McBailey Gibson is leaving his post as director of the Hardy cognac house. Philippe Prével becomes chairman of the board. Marc Mesnier is leaving his post as director of the "France" department which is being absorbed by the general management : two posts are being abolished. Hardy now employs 8 people whose activity is in the commercial sector. The technical side of the business is handled by H.-Mounier which acquired Hardy in December 2001.

Cognac Royer
1er octobre 2003
The Royer cognac house, which became part of the Japanese group Suntory in 1988, produces 250,000 cases each year. It has redirected its activity towards the production of liqueurs and mixes (cognac-based products) ands invested in a bottling plant which has been running since June. Royer has over 80 employees and had a turnover of 32 million euros in the last fiscal year.

Martell : first half-year results
1er octobre 2003
Sales of Martell cognac rose by 18% in the first half-year, thanks notably to the British market and strong growth in China.. Sales of Martell have fallen in France. Operating results of the wine and spirits branch reached 270 million euros (+5.2 %) in the first half-year.

Wine distillation : decree published
1er octobre 2003
The Official Gazette has published the decree authorizing the distillation of wines in the cognac area with a maximum agronomical yield of 120 hl/ha, now calculated on areas planted before 31 July 2002. The quantity of wine normally produced (QNV) in set at 7 hectoliters of pure alcohol per hectare.

Wine harvest : -8 % in 2003
24 septembre 2003
The 2003 wine harvest should show an 8 % fall compared to last year with only 48,064 million hectoliters. The quantity of wine suitable for producing cognac should amount to 7,713 million compared to 8,194 million in 2002. The exceptional climatic conditions are obviously the cause of this reduction.

New partner for Raynal & Cie
24 septembre 2003
Following the withdrawal of IPO and 3i from the capital of Raynal & Cie (formerly Pélisson, specializing in cognac brandy), Fonds partenaires is the new financial ally of the company run by Patrice Quatraveaux.

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