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Cognac producers optimistic at harvest time
17 septembre 2003
The 7,500 cognac wine growers in the two departments of the Charente area have officially criticized the 2003 harvest in a context of renewed confidence. Indeed, after several years of crisis due to chronic overproduction (offset by subsidies from Brussels), the market appears to be picking up since brokers have announced rises in orders both in volume and price. Hennessy has announced that it will be buying more (15 %) and at a higher price (3 %), Rémy Martin will be paying more (2.5 %). Even so, not all the wine growers are expressing confidence : cash flow remains "strained" and young people are hardly motivated to take over.

Cognac against tax
17 septembre 2003
The BNIC has written to Matignon, Matteď and local elected representatives to protest against the plan to tax wine at 5 centimes per bottle. Cognac already carries duty of 5.25 % and the BNIC considers that any increase is impossible.

Rémy-Martin : production stable compared to last year
17 septembre 2003
The quantity of eau-de-vie laid down by Champaco, the cooperative which supplies Rémy-Martin, will remain stable this year at 29,000 hectoliters of pure alcohol. At the same time, the suppliers for Rémy-Martin are content to raise the base price of a hectoliter of pure alcohol by 15 euros.

Encouraging results for LVMH
17 septembre 2003
LVMH (Hennessy) has just announced its latest results. In the first half-year operating profits in the wines and spirits sector leapt up by 16 % thanks to "sustained growth in the United States". Pernod-Ricard (Martell & Co) is to announce its results on 25 September. In addition, it appears that the four cognac houses - Hennessy, Rémy, Martell and Courvoisier - account for 80 % of sales of cognac worldwide .

Allied Domecq wants to make a higher bid
10 septembre 2003
Allied Domecq (Courvoisier cognac), the world’s second-largest spirits group, has announced a fiscal year in line with market forecasts, with a sharp rise in sales in terms of volume. The group is considering an increased bid for the Australian winegrower Peter Lehmann, for which the Swiss Hess Group AG has already offered 75.7 million euros.

Harvest : BNIC advice
10 septembre 2003
The BNIC is advising winegrowers to harvest the ugni-blanc grape this week. 55 areas were analyzed on 1 September. The average weight of a bunch of grapes has been measured at 354 grams whereas the potential alcohol content by volume is 8.5 and total acidity is 6.8.

A ministerial representative visits the area
10 septembre 2003
The cognac harvest has started and will be officially launched next week. The winegrowers’ union has indicated that it will be holding its pre-harvest meeting on Thursday 11 September at 6 p.m. at the Salamandre in Cognac, in the presence of Anthony Zonta, a representative of the ministry of Agriculture, who will raise notably the question of the "double use".

Cognac houses welcome tourists
10 septembre 2003
The cognac houses have noted a drop of 5 to 10 % in the number of visits for July and August compared to 2002, but the result remains satisfactory with increases in purchases both in terms of quantity and quality.

Hennessy CEO optimistic
3 septembre 2003
Roland de Farcy, CEO of Hennessy, considers that the number of jobs in Cognac has stabilized at 600 and is in favor of the vine-growing region coming under the aegis of the INAO (Institut national des appellations d’origine). Hennessy is the leading cognac house with 40 % of the market. Countries experiencing growth (United States, eastern European countries) are development areas for the brand which is preparing new products to attract new consumers.

US rap to the rhythm of cognac
3 septembre 2003
Cognac appears to be the favorite drink of American rappers. One in particular, Puff Daddy, sings "Pass the Courvoisier" and the brands feature in video clips of the American stars. The mediatisation of cognac is having an effect on sales in the US, the world’s largest market (38.8 % of world consumption, 44.5 million bottles sold).

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