Hine is to roll our its new Antique XO Premier Cru cognac to markets around the world.
Hine Antique XO was originally created in 1920 by Georges Hine. 'Antique' was unusual at this time as it was a blend of old cognacs when young cognac was the fashion. Georges's personal nickname for the casks of mature vintage cognacs was "antiques".
The bottle features a pewter effect plaque, decorated with silk-screening and embossed branding and it is closed with a matching stopper. The new Hine is presented in an embossed red and grey gift box which slides open. [...more]
Champagne Gosset has announced the acquisition of 'substantial premises' in Epernay. The company plans to move its administration to this site.
Domaine Gosset, in Rue Malakoff is the former mansion of the Trouillard family. It was previously owned by Chateau Malakoff and has always had strong associations with champagne.
The building dates back to the 19th Century and has 5km of cellars up to 30 metres in depth. There are full production facilities on site - from the cuverie to packing lines. The recently installed fermentation room has a capacity of 28,000 hectolitres. The building is situated behind iron gates in 2 hectares of walled parkland.
Remy Cointreau's Piper Heidsieck champagne is to cut 45 jobs as it moves away from private label business.
This is a quarter of Piper's 160 employees.
Chris Mason, MD of Remy Cointreau's UK distributor First Drinks, told Drinks International: "As far as I'm aware, this is part of the company's evolving new strategy to focus its efforts on the brands Piper and Charles Heidsieck.
"It (Remy Cointreau) had significant business in private label champagne, including airline pouring business. As I understand it, this is where the job losses will occur."
Mason said the jobs [...more]
France: Wine producers Jeanjean and Laroche have merged to form a new group called Advini.
According to the new company, Advini will be the third largest wine producer in France, with 1,450 hectares of vines across the South of France, Chablis and the New World. The company has an annual turnover of €190m.
The Jeanjean family holds 49% of the capital and the Laroche family 11%. A group of private shareholders and business leaders make up the balance of the core shareholders. The remainder of the shares are held by small shareholders within the framework of the company's flotation on the Euronext stock exchange in Paris. [...more]
A group of artists comes together in locations around the world to create art pieces that spell out the philosophy of Absolut Vodka. See something different in an ABSOLUT WORLD [...more]
French Alcohol Group Belvedere is planning to resume sales of its well-known Sobieski vodka brand in Ukraine and to increase investments into the market, which were suspended due to litigations.
According to the Ukrainian branch of the company, Belvedere has settled all the disputes with its creditors and ready to resume investments in the Ukrainian market.
As the general director of Belvedere Ukraine Vladimir Pritouliak has told, the Ukrainian branch of the company has suffered more than its other units due to absence of investment for almost a year", - he said.
"Belvedere Ukraine" had to stop advertising of its brands and to reduce production from 89,000 cases in 2008 (one case - 9 liters), to only 57,000 cases since the beginning of the current year. [...more]
A court in Dijon in France has approved the restructuring plan of Belvedere, the French vodka producer which owns Sobieski, the popular Polish vodka brand. In July 2008 the producer was granted six months' protection from creditor-led bankruptcy by the French court. In January 2009 the protection was extended for another six months. However, in mid-April creditors which own around 50% of Belvedere's bonds petitioned the Polish district court to declare the Polish subsidiaries insolvent. At present Belvedere owes €550m.
The plan stipulates that the company will have to pay its debt in instalments between 2010 and 2015. [...more]
Suntory Holdings Ltd. said it purchased European drinkmaker Orangina Schweppes from Blackstone Group LP and Lion Capital LLP as Japan’s third-largest brewer expands outside a shrinking domestic market. [...more]
Patrick Ouart has been appointed as Advisor to the Chairman & Chief Executive Officer of luxury products group LVMH.
Mr. Ouart will become a member of the Executive Committee and will resume the role he had when worked for the group between 2004 and 2007. Mr Ouart, 50, is a graduate of the Ecole nationale de la magistrature. Prior to this, he was Advisor to the President of the French Republic.
The Cognac grape harvest is under way The harvest began on Monday 28 September in the 75,000 hectares of ugni blanc of the cognac production region. The average yield is expected to be 110 hectoliters per hectare (compared to 90hl/hectare in 2008). Last year the double use vines in Charente and Charente-Maritime produced 6,768,120 hectoliters […] [...more]
BRUSSELS, Aug 26 (Reuters) - Heineken NV , the world's third-largest brewer, reported a better than expected rise in first-half operating profit on Wednesday, driven by price hikes and cost savings despite lower volumes. [...more]
Pernod Ricard yesterday announced the disposal of it's coffee liqueur Brand Tia Maria to Illva Saronno for a cash consideration of Euro 125m [...more]