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Taransaud becomes a sponsor
20 avril 1999
The Tonnellerie Taransaud (cooperage) at Merpins is to sponsor the prestigious Institut Master of Wine of London.

Four candidates for Marie-Brizard
13 avril 1999
Four investors have come forward to take part in the financial restructuring of Marie-Brizard (which controls notably Cognac Gautier at Aigre). They are the La Martiniquaise spirits group, the British Natwest banking group, a subsidiary of Axa and a group of people close to Marie-Brizard. An initial choice should be made shortly before negotiations with the banks can begin.

Cost of vines down sharply
13 avril 1999
The cost of vines has fallen by -20 to -60% in the last ten years, according to figures published by the Safer (land administration office). For vines in the grande champagne area, prices range from 100 to 130,000 francs per hectare (compared to 160 to 230,000 in 1989). In the bois ordinaire area, prices range from 30 to 60,000 France (compared to 54 to 91,000).

Rémy-Cointreau wins over the Stock Exchange
6 avril 1999
Following the announcement by the Rémy-Cointreau spirits group of the creation of an agreement for a new international distribution network in partnership with the British Highlands Distillers and the American Jim Beam Brands, the Rémy-Cointreau share price has shot up by 18 % in two days.

Cognac still in difficulty
6 avril 1999
The cognac market is continuing to decline : 3,340 fewer hectoliters sold to export in January-February compared to the same period in 1998. The US market which was propping up sales is falling. The drop (50 % !) is continuing in Japan. Even the French domestic market is affected.

Courvoisier wins award at Futurpack
6 avril 1999
The trio composed of Courvoisier, BSN and European Plack has won the 1st industrial prize for development at the 2nd Futurpack Exhibition at the Futuroscope for a heat-formed palette for high quality bottles. This prize is a reward for the innovative move led jointly by a brand, a distributor and a packaging manufacturer.

Crédit Agricole held back by cognac
6 avril 1999
Despite a 6.11 % increase in net banking profits to 1.1 billion, the Crédit Agricole Charente-Perigord produced net profits of only 66.5 MF in 1998. The main reason is the cognac crisis which led the bank to make provisions of 260 MF last year.

Uncertain future for Marie-Brizard
30 mars 1999
On 1st of April creditors will examine the financial and industrial proposals to reduce the debt load of Marie-Brizard (owner of Cognacs Gautier at Aigre). Debts at end 98 stood at 870 million francs. There are rumors of a merger with the Bordeaux-based Bardinet (Porto Cruz, Label whisky, etc) of the La Martiniquaise group.

Hennessy calls for quality
30 mars 1999
On the occasion of the AGM of the UVDC cooperative which delivers its eaux-de-vie, the Hennessy management called upon member wine growers to adopt an offensive stance by implementing the wine growing adaptation plan on the one hand, and by endeavoring to improve quality on the other. Moreover Hennessy has sought to be reassuring by explaining its commercial policy which has sometimes been misunderstood (Hennessy whisky in Japan). Even if Hennessy’s market share has risen sharply (36 % compared to 32 % not to mention 23 % in 1986), the volume of sales has fallen by 2 % and turnover is also down. With regard to employees, Hennessy has announced the abolition of the incentive profit-related bonus this year (9.4 million francs shared among 760 employees), due to the fact that pre-tax profits are 5% lower than last year. The CGT union has protested, stating that targets for which employees are responsible have been met.

Cognac - a drug ?
30 mars 1999
Philippe Treutenaere, president of the Cognac exporters’ union, is protesting against a decree which is about to place the cognac profession under the authority of the commission against drugs and drug abuse. The decree is currently before the Council of State, the final step before becoming law !

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