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LVMH wants to sell its 11 % Diageo stake
22 décembre 1998
The LVMH group, which is aiming to buy the haute couture and cosmetics branch of Sanofi, is considering selling its 11 % stake in Diageo whose partners include Guinness, a major shareholder in Hennessy.

Seagram to disinvest
22 décembre 1998
The Canadian group Seagram (which controls Martell at Cognac) is to dispose of 5.5 billion francs worth of assets considered to be non strategic without giving any precise details. But it is already known that it is negotiating the sale of its champagnes (Mumm and Perrier Jouet) for 3 billion.

Awaken Marie-Brizard
22 décembre 1998
"We are going to awaken Marie-Brizard the sleeping beauty" said Thibault de Kergolay, the new head of the group which lost 40.7 million francs last year and has debts of 900 million. M de Kergolay has announced a cost reduction plan of 50 million from next year and does not rule out a new equity issue. Marie-Brizard controls Cognac Gautier in Charente and Distilleries Charentaises at St Savinien.

Cognac festivities
15 décembre 1998
On 19 and 20 December, then on 27 and 28 December, 400 distillers in the Cognac area are taking part in "Cognac festivities" and invite visitors to "listen to their secrets in the warmth of the pot-still". In this way, groups of friends can go from chai (spirit storehouse) to chai to discover not only a craft and a product but also an entire region while "toasting" cognac as an aperitif or as a liqueur.

LVMH appoints an American in charge of distribution and buys Saint Laurent
15 décembre 1998
The luxury goods group LVMH has just appointed an American, the director of DFS Myron Ullman to be in charge of its "Distribution" division (which includes DFS). Moreover it is about to buy the haute couture and cosmetics branch of Sanofi with brands such as Saint Laurent, Arpels & Van Cleef, Roger & Gallet.

L&L invests in Armagnac
15 décembre 1998
The L&L group, which markets notably the (cognac-based) Alizée cocktail in the United States, is taking over an armagnac group including the "La Belle Sandrine" brand, a cocktail similar to Alizée, based on armagnac.

LVMH interested in Saint-Laurent
8 décembre 1998
LVMH is negotiating the takeover of the Sanofi cosmetics branch which has control over the Saint Laurent, Van Cleef & Arpel, and Roger & Gallet brands.

BNIC : winegrowers strengthen their position and take their time
8 décembre 1998
Wine growers made known on Monday that they were ready to take over the presidency of the BNIC (interprofessional national office for Cognac) in the person of their leader Bernard Guionnet. With regard to the Hennessy whiskey problem, it has decided to delay any moves through the creation of a committee which will consider the entire question of regulations until June 1999, but will thereafter attack offenders "without hesitation". Including, if need be, Hennessy. In another development, statistics have shown the decline in personnel in the trading houses : a fall of one third in ten years to 2,521 compared to 3620 in 1988.

Stoppage at Courvoisier
8 décembre 1998
A one hour stoppage took place at Courvoisier on Monday in response to a call by the CGT union just as national union contract negotiations over the 35 hour week are taking place.

Frapin : vintage Cognac
1er décembre 1998
The Frapin firm has resumed the production of vintage cognacs and markets a 1982 vintage full-strength single cognac in a small slim 35 cl flask for 295 F.

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