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Croizet takes stock of production
3 juillet 2008
The Croizet merchant house at St-Même-les-Carrières, which was taken over a year ago by the Russian Wine Trust, does 60% of its business in brandy and 40% in cognac. Executives hope that its entry into the cognac houses union will put an end to rumors. Turnover at June 2007 (2.4 million euros) has almost doubled in a year.

Pernod-Ricard tumbles
2 juillet 2008
Yesterday Pernod-Ricard (Martell cognac) shares fell by 6.9% on the Stock Exchange to 61,05 euros, their lowest level for 2 years.

Absolut : Pernod-Ricard must wait
30 juin 2008
The competition directorate of the European Commission has extended its examination of the takeover of Absolut vodka by Pernod-Ricard (Martell cognac) until 17 July.

Lafragette (L&L) behind bars
27 juin 2008
Jean-Paul Lafragette, CEO of L&L (cognac-based cocktails including the successful Alizé) has been arrested by detectives from Limoges and placed in custody after being questioned for 48 hours. He is charged with misappropriation of corporate assets, forgery and intent to defraud. Kobrand, L&L’s American shareholder has filed an complaint in courts in Angoulême and New York against the company, J.-P. Lafragette and his two daughters.

Winegrowers’ unions friends once again
25 juin 2008
Following their dispute over sharing out the seats within the cognac management association, the SVG and the SVBC buried the hatchet yesterday as the election of the committee of the new structure was taking place. Bernard Laurichesse (SGV) was elected unanimously as president. The SGV has 10 representatives and the SVBG has 7.

Belvédère seeks partner
25 juin 2008
The Belvédère group, which owns Marie Brizard which controls Gautier cognac, is holding its general assembly on Friday. The group, which is in difficulty, is seeking a financial partner.

Rémy-Cointreau delays finalizing its accounts
25 juin 2008
The Rémy-Cointreau group, which is not in a position to determine the impact of its withdrawal from the Maxxium network next year, is unable to finalize its accounts for the fiscal year to 31 March.

Cognac week in the region
25 juin 2008
The 3rd regional cognac week should boost sales in Poutou-Charentes. The BNIC is investing 150,000 euros in the operation which should see some 300 establishments (restaurants, bars, discotheques, spirits retailers...) proposing cognac, including new recipes and ways to drink it. The BNIC is convinced that these campaigns are effective, quoting the regional cognac consumption index : 99 in 2005, 103 in 2006 and 131 in 2007. “But we must do better” warns Jérôme Durand, the marketing director at the BNIC.

Mayor of Cognac in contact with cognac industry
25 juin 2008
The new socialist mayor of Cognac has been meeting the leading figures in the cognac sector. After 100 days in office, he takes stock in the “Sud Ouest” newspaper : “Except for Lionel Breton, the CEO of Martell & Co, I have gone with Patrick Sedlacek, the deputy mayor with responsibility for finance. I have met Jean-Marc Girardeau from Camus, with whom we had a discussion about the circulation of trucks in the local area. I have also met Dominique Hériard-Dubreuil from Rémy-Cointreau and she is very motivated by the town. I have also seen (...) Alain Philippe, for the BNIC” explains the mayor, as reported by Séverine Joubert.

More false cognac seized, this time in Hungary
25 juin 2008
Hungarian customs officials recently seized thousands of bottles of false cognac in a local company.

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