Another candidate for Martell
12 juillet 2000
The American group Hicks, Muse, Taste & Furst has joined the ranks of candidates to take over the spirits branch of Seagram, which owns the Martell cognac house. This new purchaser would be, in fact, the ally of Pernod-Ricard to head off the only offer currently being prepared : Allied Domecq (which controls Courvoisier cognac).
Taransaud moves to Segonzac
5 juillet 2000
The Taransaud cooperage has officially announced that it is to move its stave-splitting workshop from Merpins to Segonzac. The chosen site (20,000 m2) will enable Taransaud to double its sales by 2004 and will employ 31 people in 2003. The company has just produced 56 fermentation tanks, made of French oak, for a client in California.
A tourist museum at Courvoisier
5 juillet 2000
Courvoisier (Jarnac) is transforming its disused workshops into a huge 1,000 m2 museum, which will enable the use of new technology and the creation of a "reception center" for tourist groups who come to visit the cognac house. In this way, Courvoisier hopes to increase the number of tourists (10,000 each year) by the use of resolutely modern architecture.
Martell still for sale
28 juin 2000
Many questions are still being asked about the sale of the Martell cognac house following the official birth of Vivendi Universal, the result of the takeover of the Canadian Seagram company by the Vivendi group. If there is no longer any doubt about the sale of Seagram’s spirits branch, there are as yet no indications as to the name of the new owner.
Diosos invests in "B to B"
28 juin 2000
Diosos, the world leader in the production of wine-barrels (result of the merger of Seguin-Moreau at Cognac and Radoux at Jonzac) and Sabaté, the world’s second-largest cork producer, have together invested 17 million francs in a stake in WineBusiness.com, a business to business site with international aspirations to cater for the wine boom which they consider to be the future "world reference".
Frapin promotes female cuisine
21 juin 2000
Béatrice Cointreau, the CEO of Frapin cognac and Gosset champagnes, has organized in Paris with Jean-Claude Brialy the 15th Célébrissimes dinner at chez Maxim’s. In the place of honor, the promotion of female chefs and, of course, Gosset and Frapin products.
Forecasts for Martell
21 juin 2000
Sud-Ouest is placing bets on the takeover of Martell as part of the Vivendi Seagram operation. The favorite : Allied Domecq, which is preparing a 10 billion dollar bid for Seagram’s spirits sector, would almost double in size and move closer to the number one Diageo. Other possibilities : Pernod-Ricard (which lacks the financial means) and Remy-Cointreau (boosted by its good results).
Packaging : change for 2001
14 juin 2000
The Encounters for Luxury Packaging in Cognac should take a new direction as from next year : that is the message given last week by Jacques Bobe, the President of the County Council, who would like to see the "professionals taking their destiny in hand". However, the financial participation of the community in the trade fair (2.4 million francs out of a budget of 3 million) and the Atlanpack association has not been formally called into question.
Diosos doubles its turnover
7 juin 2000
The Diosos cooperage doubled its turnover in the first six months of fiscal 99/2000 : turnover stands at 201 million francs (+108.7 %) whereas net profits stand at 47.4 million francs (+124.6 %). This growth is largely due to the quality wines market.
Cognac : the end of double use in sight
31 mai 2000
Commenting on the process of unification of cognac wine growers’ associations under way, Bernard Guionnet, president of the BNIC, considers that it is now up to the merchants whom he also hopes to see united in a single body. Nevertheless the restructuring of the vineyards remains a topical issue. The idea of double use may be abandoned in 2006. An interprofessional body could be set up for each product (cognac, pineau, local wines) under the aegis of the BNIC. With regard to diversification, Danièle Bellivier, the representative of the Chambers of Agriculture in the Charente and Charente-Maritime, considers that more than 700 hectares will be replanted this year with new grape varieties, showing that change is under way.