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Cognac stocks
30 octobre 2002
Cognac stocks have fallen slightly since the mid-90s : 3,111,526 hl of pure alcohol, a 2.5 % drop over a year according to the BNIC. Merchants hold 51.9 % of the stocks, distillers have 35.8 %, co-operatives have 8.1% and wholesalers 4.2 %. Shipments to the US rose by 9.4 % in the year to the end of August.

Remy-Martin in autumnal colors
30 octobre 2002
From 28 to 31 October Remy-Martin is offering tasting of new wine and chestnut mousse as part of its guided tour, then from 31 October pumpkin pie with sweets and fruit juice for children as part of Halloween.

National bureau investing
30 octobre 2002
The BNIC (national inter-professional bureau for cognac) has approved its budget for 2003 at 10.4 million euros with an ambitious recruitment plan for ten executives and the purchase of sophisticated equipment, notably for the viticultural station. 3.5 million euros have been set aside for communication.

LVMH optimistic
23 octobre 2002
LVMH expects its operating profits to rise by 20 % by the end of the year, thus wiping out the drop in 2001 (-20 %). Sales of wine and spirits have risen by 3.4 %, thanks mainly to sales of champagne in the US. The Louis Vuitton boutiques have boosted sales in Japan.

La Rochelle : Godet cognac up in flames
23 octobre 2002
A fire broke out on 15 October at the headquarters of Cognacs Godet (22 employees) close to the Saint Nicolas district of La Rochelle. It was exactly the scenario which everyone feared because of the 5,000 hectoliters of pure alcohol stocked in the town center close to densely populated areas. Fortunately, the warehouses were not affected. Administrative measures have increased in recent years to encourage the company to move out of the town center. This incident will probably lead to such a move.

Eurociné
16 octobre 2002
The 5th edition of Eurociné took place on the weekend of 11,12 and 13 October at Hennessy in Cognac with 6 Irish films in the presence of Michel Déon, a member of the French Academy and the filmmaker Neil Jordan. "Purple taxi" (un taxi mauve) by Yves Boisset was also screened. Hennessy was celebrating its Irish origins and the centenary of its subsidiary Dillon 1 Co in Dublin.

Wines from the Cognac area
16 octobre 2002
AVC (Charente viticultural association) has inaugurated its first vinification center in Segonzac and would like to use the installation, which is identical to those used by the great Bordeaux chateaux, to produce a wine of quality. Turning to the cognac sector, Marie Christine Coates has been awarded the tourism bronze medal for her guided visit of Remy Martin and Pernod Ricard has received the 1st prize for the excellence of its financial communication.

Martell : 149 jobs axed
16 octobre 2002
Renault-Bisquit and Martell, which form the cognac branch of the Pernod group under the name of "Martell & Cie", have presented their restructuring plan to the works committees. It includes reductions in personnel but also redeployments. 149 jobs are to disappear and 36 will be created, a net loss of 113 jobs. Martell & Cie currently employ 465 employees (393 at Martell and 72 at Renault-Bisquit). The plan calls for only three of the present nine storage sites to be retained, the regrouping of bottling at the Lignières facility and the construction of a reception site at Chanteloup. The restructuring represents an investment of 11 million euros. Martell was bought by Seagram from the Firino Martell family in 1992 and has been losing market share ever since, dropping from 1.8 to 1.2 million cases sold.

Pineau sales increasing
16 octobre 2002
With 15 million bottles sold, sales of pineau have risen once again by 6.8 % (+5.6 % in France) and almost +10 % in exports (3.5 million bottles) notably in Belgium (3 million bottles alone) and in Canada.

Cognac and perfume
16 octobre 2002
At the head of Cognac Frapin in Segonzac, Béatrice Cointreau is launching 1270, an eau de parfum inspired by the essence of the folle blanche, a grape variety developed by her great-grandfather. The presentation casket of eau de parfum and cognac is available at a price of 379 euros.

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