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Hennessy : reorganization in sight ?
1er décembre 1999
The American daily "New York times" has announced forthcoming "mergers" in the world of luxury goods and additional reorganizations in cognac houses as at LVMH (Hennessy).

Hennessy may transfer its storehouses
1er décembre 1999
Following the implementation of a plan to reduce risks of flooding in Cognac, Hennessy may have to move its cognac from the storehouses on the quays. Cognac is indeed on the list of dangerous products.

"Ptit Jaune" from Euronégoce
1er décembre 1999
Euronégoce Spiritueux, a company in Juillac-le-Coq, has been producing pastis since the summer. "P’tit Jaune" (Little Yellow One) is sold in French supermarkets and in Italy. The company (10 employees) also produces cognac and pineau under the "Pasquinet" brand and other alcoholic drinks.

Renault-Bisquit : director leaves
23 novembre 1999
Michel Jourdan is to leave his post as general director of the Renault-Bisquit cognac company at Rouillac on 30 November. He will be succeeded by Jean-Luc Francese, the financial director of the company.

Hennessy explains "Timeless"
23 novembre 1999
Hennessy is currently holding an original presentation of its most recent product, Timeless, with sketch drawings for the creation of the bottle and information sheets for the eleven cognacs which make up the blend, all in English.

Viticulture : Hennessy lowers its prices
23 novembre 1999
As expected, the Hennessy cognac house is lowering the purchase price it pays to growers by 10 %. The company had already announced at the start of November that it would reduce the volume of its purchases by a quarter.

Cognac : lower prices
23 novembre 1999
After Hennessy, Courvoisier has announced a reduction in the price of its purchases of eau-de vie. The other houses may follow suit this week.

Hardy : three possible takeover candidates
23 novembre 1999
The Court of Appeal in Bordeaux has extended the period of the court-imposed recovery plan concerning Cognacs Hardy (25 employees, Cognac) by two months. The commercial court in Cognac must select a takeover candidate by mid January 2000 as the offer made by Boisset has been rejected by the Court of appeal. There are three candidates in the running : KCP, a British investment group, the Paris-based Vinexpansion wine trading house and the Compagnie de Guyenne (turnover of 200 million francs, brands such as Meukow, Brugerolles, Foucauld, Rouillet-Guyet).

Seagram visits Martell
23 novembre 1999
John Hunter, the president of the spirits division of the Seagram group, and his executive director presented the forthcoming marketing and communication plans to employees of their Cognac subsidiary, Martell, on 17 November. They are designed to revitalize the brand.

FVC is uninvited guest at the BNIC
16 novembre 1999
A delegation of winegrowers from the FVC, coming mainly from Charente Maritime, came uninvited to the national cognac office in Cognac on 15 November during a meeting between members of the viticulture community and Jacques Berthomeau, the representative of the Ministry of Agriculture. He went down to the lobby to discuss with the demonstrators, urging them to "learn to negotiate" and also explaining that he was powerless to alter the regulations for the current harvest.

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