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Hine taken over by Angostura
25 juin 2003
The takeover of Hine (Jarnac, turnover 8 million euros, 17 employees) by Angostura, the spirits subsidiary of the investment fund CL Financial, was finalized on 20 June. Arnaud Redon de Trabuc, in charge of strategy for Europe at CL Financial and now president of Hine, has stated that there will be no staff reductions.

H. Mounier majority holding in Calvet
25 juin 2003
H. Mounier (Cognac) a subsidiary of Unicoop, has announced that it now has a majority holding in Calvet, a Bordeaux maison de négoce, with 67 % of the shares acquired from an Anglo-French banking pool.

Rémy Cointreau investing in vodka
25 juin 2003
Rémy Cointreau (wines and spirits) has decided to invest 25 million euros in its Bols brand of vodka. Preparations are in hand for its introduction on the Scandinavian, central European and Eastern European markets.

Martell : resignation and approval
25 juin 2003
Gérard Faure, the employees’ representative and secretary of the works committee at Martell in Cognac, has announced his resignation from his representative positions. In March he took part in a hunger strike with two of his colleagues. At the same time, the labor inspectorate has approved the new employment rescue plan at Martell.

Rémy Cointreau
18 juin 2003
Rémy Cointreau (wines and spirits, present in Cognac) announced on 16 June its intention of launching a bond issue with a principal amount worth 150 million euros.

Pernod-Ricard in the Cac 40
18 juin 2003
The Pernod Ricard group, parent company of Martell and Bisquit, is to enter the Cac 40 where it will replace the Crédit Lyonnais (taken over by Crédit agricole) on 11 July.

Martell : job preservation plan
18 juin 2003
2 of the 5 personnel representatives at Martell (Cognac) have given their approval to the measures contained in the job preservation plan which calls for 114 jobs to be lost by June 2005. The Factory Inspectorate must now give its ruling concerning the plan.

Otard cognac invites itself to G8
11 juin 2003
Jacques Chirac offered a glass of old cognac Otard Cristal to the heads of state taking part in the G8 meeting. Otard was selected after a call for tenders. The carafe is sold at a price of 417 euros and is manufactured by the cristalleries de Saint Louis. It contains an Otard Extra which is a blend of very old cognacs from the grande and petite champagne and the Borderies regions.

LVMH leads the communication field
4 juin 2003
LVMH (Hennessy cognac) has won the first Boursorama award for online financial communication.

Courvoisier : no to Inao project
4 juin 2003
Philippe Treutenaere, the CEO of Courvoisier (Jarnac, 200 employees) has denounced the restructuring of the Cognac vineyards proposed by Inao (Institut national des appellations contrôlées). The company is stepping up its drive for quality and, since March, holds QSE certification (quality, safety, environment).

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