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Cognac : new record
20 novembre 2007
180.8 million bottles (506,000 hl) were sold between October 2006 and October 2007.

H.-Mounier inaugurates its storehouses
14 novembre 2007
The H.-Mounier cognac house has inaugurated its new storehouses (7 million euros invested at Gensac-la-Pallue). With this expansion the company has 3 storehouses with 4,000 m² in total, 700m² for the offices and a storage capacity of 45,000 hl. The stainless steel vats were manufactured by Pierre Guérin, from Niort.

Cognac : counterfeits and tourism
13 novembre 2007
The Bnic participates in training seminars for customs officers in order to make them more aware of the fight against counterfeiting. The association which runs the "Etapes du cognac" tourist trail has settled its financial problems and is launching a positioning study.

Cognac : SVBC calling for minimum QNV
12 novembre 2007
The winegrowers and distillers’ union (SVBC) is calling for consideration to be given to the introduction of a minimum QNV (and is still in favor of surface affectation rather than by plots). In addition, the SVBC is being reorganized (creation of a network of cantonal delegates and support for higher education students specializing in communication).

SGV keeping an eye on prices
12 novembre 2007
Despite its satisfaction over the latest price increases from the cognac houses to producers, which vary from +3% to +11% - an average of +7-8% compared to a pre-season request for +5% -, the winegrowers’ union (SGV) is still calling for 1,000 euros per hectoliter for a count 00 (currently the price can reach 900 euros in Grande Champagne and 700 euros in bons bois).

Hennessy fine de cognac
12 novembre 2007
A limited series Hennessy fine de cognac 2007 is due to be unveiled soon. La Tribune was published on 12 November with a wine supplement (dated 9 November, a day when it is not published) which includes 3 pages on “the return of cognac”.

Cognac : employment has suffered
8 novembre 2007
The 5 leading cognac houses have lost about a thousand jobs in 17 years, some 40% of their personnel. Cognac represents 17,700 jobs directly in the region (11,800 winegrowers and agricultural employees, 2,500 employees in distilleries and cognac houses and 3,400 people working in associated professions). The packaging sector is benefiting from cognac’s good health. Barrel makers are working in just-in-time production.

Good growth and smooth handover at Pernod Ricard
8 novembre 2007
Pernod-Ricard (Martell cognac) is aiming at growth in the order of +10% for fiscal 2007-2008 which closes at the end of June. After the programmed acquisition of a brand of vodka (the group is still working on the takeover of the Swedish brand Absolut or the Russian Stolichnaya), Pernod-Ricard may acquire a Californian wine. During the general meeting on 7 November, Patrick Ricard confirmed that he would relinquish his executive duties on 5 November 2008 (he will remain as chairman of the board of directors) and renewed his confidence in Pierre Pringuet, the current managing director.

Eaux-de-vie prices
6 novembre 2007
The winegrowers’ union (SGV) is very pleased with the increase in the price of eaux-de-vie approved by the major cognac houses (+6% at Hennessy, +8 to 9% at Rémy-Martin, +3.5% at Martell). It has suggested a mechanism for controlling prices. A. Pujol is the new legal counsel for the SGV.

Cognac : Lionel Breton looking ahead
5 novembre 2007
L. Breton, CEO of Martell, considers that the figure of 20 million cases can be achieved for cognac (almost 13 million at end 2007). The eau-de-vie suppliers’ cooperative for Martell has undertaken to double its purchases (12,500 hectolitres of pure alcohol last year). In addition, B. Peillon, president of Hennessy (the leading cognac company) remains prudent about growth given the state of the stocks. It should exceed 5 million cases in 2007. Finally, H.-Mounier is to inaugurate new storehouse facilities at Gensac on 13 November.

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