* Highly dynamic sales (+9.3% nine month cumulative organic growth)
* Continuing strong growth in the 3rd quarter: (+7.1% organic growth)
* Confirmed profit growth guidance for the 2007/08 financial year
Continue reading ‘Pernod Ricard: Sales for 9 months to 31 March 2008: € 5,091 million’
Archive for the 'Champagne and Sparkling Wines' Category
First-Quarter 2008 Revenue Stable.
Vranken-Pommery Monopole, a major producer and distributor
of Champagne, today released its business review for the first three months of 2008. Continue reading ‘Vranken-Pommery Monopole: Quarterly Business Review for the three months ended March 31, 2008′
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury group, achieved revenue of 4 billion euros in the first quarter of 2008. Organic* revenue increased by 12% compared to the same period in 2007, which was also a period of strong growth. As a result of the negative impact of exchange rates, reported revenue growth is 5%.
Continue reading ‘Continuing double digit organic growth for LVMH in first quarter of 2008′
Mentzendorff are delighted to announce the release of a completely new Rosé from Champagne Bollinger. The creation of this non-vintage rosé has been long in the making and a dream of the House for almost a decade. This wine has evolved not as a curiosity, but as with all of the Bollinger cuvées, as a careful assembly of the very finest ingredients by their talented, passionate team.
Continue reading ‘Release of Bollinger Rosé’
* Recurring operating profit up 11.2%
* Profit for the period up 12.8%
Continue reading ‘Vranken-Pommery Monopole reports sharp improvement in 2007 financial results’
Operational improvement on the new subsidiaries. BCC1 achieved a clear improvement in its performance over 2007, with 51.97 million euros in EBIT, an operating margin representing 14.5% of revenues, and strong growth in net income (Group share), up to 21.37 million euros.2
Continue reading ‘Boizel Chanoine Champagne: Growth in profitability over 2007′
- ABOUT BOIZEL CHANOINE CHAMPAGNE
Listed on EUROLIST, Compartment B, Boizel Chanoine Champagne fully owns seven Champagne Houses:
- Champagne Boizel (Epernay), French mail-order market leader, with wines distributed in the
traditional sector for international markets.
- Champagne Chanoine Frères (Reims), wines intended primarily for the mass retail market (Chanoine brand), notably with the Tsarine Grande Cuvée range.
- Champagne Philipponnat (Mareuil sur Aÿ), which owns the prestigious Clos des Goisses, with wines available on selective retail markets.
- Champagne De Venoge (Epernay), also sold on selective retail markets, notably with its new Louis XV vintage.
- Champagne Alexandre Bonnet (Les Riceys), owner of a vast vineyard (wine sold in traditional sectors), as well as the Ferdinand Bonnet brand.
- Maison Burtin (Epernay), a mass retail supplier and owner of the Besserat de Bellefon brand, distributed through traditional networks (restaurants, wine stores).
- Champagne Lanson (Reims), the prestigious international brand. [↩] - Stock market chart [↩]
The national committee of INAO have studied and unanimously approved the extension of the AOC Champagne. The project will now be submitted to a public enquiry and an ‘opposition’ procedure in order to take account of all parties.
Continue reading ‘Development of the Champagne Appellation’
Brown-Forman Corporation reported a 4% increase in diluted earnings per share and an 8% increase in operating income for its
third quarter ended January 31, 2008.(1) The addition of profits from the Casa Herradura(2) brands acquired in January 2007, benefits from favorable foreign exchange fluctuations, higher global consumer demand for Jack Daniel’s Tennessee Whiskey and Finlandia Vodka, an exceptional increase in U.S. demand for Gentleman Jack, and continued excellent growth for the Jack Daniel’s & Cola ready-to-drink in Australia contributed to profit growth for the quarter. Partially offsetting these gains were softness for Southern Comfort and higher raw material costs. Adjusting for the benefits of a weaker U.S. dollar, the impact of changes in global trade inventories, and profits from Casa Herradura, underlying operating income improved 7%(3) for the third quarter.
Continue reading ‘Brown-Forman reports third quarter operating income growth of 8%, underlying operating income up 7% for the third quarter and year-to-date’
2007 revenues: 359.4 millions euros higher than target.
In a Champagne wine market that was trending up (+5.3% in volume, 2007 12 months, source: CIVC), the BOIZEL CHANOINE CHAMPAGNE Group generated 359.4 million euros in consolidated revenues over 2007, higher than the
target.
GROWTH IN BUSINESS
The BOIZEL CHANOINE CHAMPAGNE Group’s consolidated annual revenues came to 359.4 million euros, up 15.5% from the 311.3 million euros recorded in 2006. Revenues for 2007 reflect the balance for the stock reduction program launched in 2006 in line with efforts to restructure the Group’s debt, representing 37 million euros, compared with 45 million euros last year. Naturally, they also factor in 12 months of business for the new subsidiaries Maison BURTIN and Champagne LANSON compared with only the last nine months of 2006. Excluding the stock reduction program, and including revenues generated by Maison BURTIN and Champagne LANSON in Q1 2006, revenues would have come out at 322.4 million euros for 2007, compared with 302 million euros in 2006, representing an increase of 6.8%. On the previous BOIZEL CHANOINE CHAMPAGNE Group scope, revenues totaled 117.4 million euros, compared with 90 million euros in 2006. Out of this 27.4 million euro increase, 18.7 million euros were contributed by the CGV brokerage subsidiary, whose revenues are traditionally subject to significant fluctuations. Excluding CGV, sales on the former scope represent 91.1 million euros, compared with 81.4 million euros in 2006, up 12%. The CHANOINE and TSARINE brands have notably benefited from the commercial synergies implemented with Maison BURTIN and Champagne LANSON. The PHILIPPONNAT and DE VENOGE Houses, specialized in traditional luxury and selective retail channels, have also generated good levels of sales.UPGRADING POLICY
The total number of bottles of Champagne wine sold by the Group’s Houses came to 21.6 million bottles, up 3.3% in volume compared with 2006 (12 months), reflecting the Group’s focus on developing the value of its Houses.
The percentage of international sales for the entire BOIZEL CHANOINE CHAMPAGNE Group came to 46%, compared with 45% in 2006.
Jamie Davies, “was one of the great pioneers in the Napa Valley and probably in all of American wine,” said Mary Novak, owner of Spottswoode Winery and a longtime friend. “She and her husband, Jack, accomplished a lot and she kept going until the end.”
Continue reading ‘Jamie Davies dies - Schramsberg owner’
Trento DOC has been given a full brand makeover, including the creation of a new brand identity, which will be fully supported by an integrated global communications campaign to position TRENTODOC as the ‘Sparkling wine’ of Italy.
Continue reading ‘New look and global communications campaign to position TRENTODOC as the ‘Sparkling wine’ of Italy’
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded 2007 profit from recurring operations of 3 555 million Euros, an increase of 12% compared to an already strong performance in 2006. The current operating margin again improved, reaching 22% in 2007. Revenue rose to 16.5 billion Euros, reflecting organic growth of 13% to which all business groups and all regions contributed.
Continue reading ‘LVMH achieves record results in 2007 - New growth objective for 2008′
- Outstanding 1st half-year organic growth: +10.1%, driven by emerging markets (1) (+25%) and premium spirits (2) (+17%)
- Continuing strong organic growth in Q2: +9.1%
- Higher full-year profit growth guidance
Pernod Ricard consolidated net sales (excluding duties and taxes) for the 2007/08 1st half-year (1st July to 31 December 2007) increased by 5.9% to € 3 713 million, compared to € 3,507 million in the 2006/07 1st half-year. This growth resulted from the following:
Continue reading ‘Pernod: 2007/08 interim net sales: €3,713 million’
The nominations for the Orange British Academy Film Awards in 2008 were announced at a special press conference recently. Hilary Bevan Jones, Chairman of the Academy, introduced actresses Naomie Harris (28 Day Later and Pirates of the Caribbean) and Kelly Reilly (Pride & Prejudice and Mrs. Henderson Presents) who announced the short-listed names for 10 of the 23 categories.
Continue reading ‘Champagne Taittinger and Orange British Academy Film Awards’
Xavier Flouret, President of Cognac One, LLC (www.cognac-one.com), announced recently that Champagne Ayala of Äy, France (www.champagne-ayala.fr) named Cognac One the sole national importer of Ayala in the United States as of January 1, 2008. Champagne Ayala, belonging to the Bollinger Family Group of fine wines since January 31, 2005, has been in production since 1860. After a long absence in the United States, Ayala will now be available nationwide through a selection of reputable distributors.
Continue reading ‘Cognac One, LLC named exclusive importer of Champagne Ayala to the United States’