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Martell : sales down by 2 %
13 mars 2002
Martell (which has come under the control of Pernod-Ricard) has announced a drop in sales of 2 % for 2001, but this is in line with expectations. Martell is hoping for a new beginning and to benefit from the Pernod-Ricard distribution network.

Malibu sold to Allied Domecq
6 mars 2002
Diageo has sold Malibu rum to Allied Domecq (Courvoisier cognac) and, at the same time, settled a long-running legal battle over Captain Morgan. Malibu resulted from the purchase of the Seagram spirits branch of which Diageo sold part (including Martell cognac) to Pernod-Ricard. Diageo, Allied Domecq and Pernod-Ricard are the world’s three leading spirits companies.

Lower results for cognac
6 mars 2002
Shipments of cognac in France and abroad fell by 1.3 % in 2001. In November, exports dropped by 11.5 % compared to November 2000. The Asian and French markets have slowed considerably whereas the US market is holding up well.

Godet calling for compensation
6 mars 2002
Godet cognac is claiming compensation following the steps taken by the prefect to shut down its site in La Rochelle. Jean-Jacques puts the cost of moving the site at 5.3 million euros (the equivalent of its turnover).

Increased business for Pernod-Ricard
20 février 2002
The Pernod-Ricard group (Martell) has reported turnover up by 3.9 % at 4.55 billion euros, despite a drop of 1 % in the last quarter. The wine and spirits business has recorded sales up by 9.1 % thanks to the stability of the European market.

Death of André Hériaud-Dubreuil
20 février 2002
The former chairman of Rémy Martin and Remy Cointreau, André Hériaud-Dubreuil died last Monday. He was a key figure in the rise of Rémy Martin and the opening up of the Chinese market.

Club Taransaud
13 février 2002
The Taransaud cooperage has just set up a virtual oak club on Internet which is aimed at its best clients who will have access to exclusive information and advice (taransaud.com).

Anjems
13 février 2002
The Amjems cooperage (rue Basse-Saint-Martin in Cognac, soon at Montplaisir), which was founded two years ago by three former Hennessy employees, renovates 400 barrels per month for a turnover of 228,000 euros. In addition to Hennessy, Anjems has three other cognac houses among its clients which also include local wine-growers.

Cognac goes organic
6 février 2002
L & L has just launched Lafragette Organic, a purely organic cognac produced from organically grown grapes.

LVMH down, Hennessy stable
30 janvier 2002
Operating profits of the LVMH group (Hennessy cognac), affected by the aftermath of 11 September, fell ; by 20.3 % last year. The worst affected sectors are watches and jewelry, champagne and duty-free goods. Hennessy is fighting back with a 6 % increase in business despite a fall in sales in Japan and is taking advantage of new markets in China, Korea and Eastern Europe.

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