From Markus Schmidli, at 06. December 2010 08:38
just-drinks.com editorial team – Remy Cointreau has said that it expects offers for its Champagne business before the end of 2010.
 |
| Remy Cointreau expects Champagne bids by end of 2010 |
The group’s director-general, Jean-Marie Laborde, told journalists in Paris today (30 November) that preliminary offers for the Piper-Heidsieck and Charles Heidsieck Champagne business are expected by the end of the year. He said interest in the division has been strong.
Remy announced earlier this month that it had appointed the investment arm of Credit Agricole bank to organise an auction for the Champagne division. The group told just-drinks that the Champagne arm was “not profitable enough”.The company’s half-year results, released today, underlined its point. Champagne remained in the red for the six months, reporting operating losses of EUR2.8m versus losses of EUR3.5m a year earlier, despite recovering some of the sales lost in 2009.
From Marcel Merz, at 06. December 2010 07:58
Motto: Asien verzaubert – der VDP im Land des Lächelns
Die VDP Prädikatsweingüter und die Stadt Wiesbaden freuen sich den Termin des Ball des Weines 2011 bekannt zu geben. Am 16. April 2011 begeben sich Gäste aus Politik, Wirtschaft und der Deut-schen Genusskultur zum 11. Mal auf eine Entdeckungsreise in die faszinierende Welt der besten Weine Deutschlands und in die seiner spannenden Begleiter. Dieses Mal steht Asien im Mittelpunkt der kulinarischen, kulturellen und vinophilen Allianz. Das Wiesbadener Kurhaus bildet die Kulisse für einen Abend, der 2011 den Deutschen Spitzenwein und das Zeremoniell Asiens in Szene setzt.
From Marcel Merz, at 06. December 2010 07:52
Jane Anson in Bordeaux- Chateau Mouton Rothschild has just revealed its wine label
for the 2008 vintage – confirming Chinese painter Xu Lei as the artist. Xu is artistic director of Today Art Museum, Beijing’s leading contemporary art gallery, and a graduate from the prestigious Nanjing Academy of Fine Arts.
From Sigi Hiss, at 30. November 2010 11:56
by Richard Woodard- French drinks group Rémy Cointreau has put its Piper-Heidsieck and 
Charles Heidsieck Champagne brands up for sale in a deal which could raise as much as €450m.
The news has provoked intense speculation over who will acquire the brands, with Diageo and Pernod Ricard named as possible bidders – although analysts believe a private equity group is the most likely buyer.
The company has commissioned Crédit Agricole-CIB to begin the sale process by inviting bids after growing impatient with its Champagne business’s inability to turn a profit.
It is understood that Piper has never been profitable in the 20 years that Rémy Cointreau has owned it, in stark contrast to the money-making power of the company’s Rémy Martin Cognac business.
Piper president Anne-Charlotte Amory has spent the past few years trying to turn the business around, achieving a 10-12% EBIT (earnings before income tax) margin in the year to March 2008 – before seeing that wiped out by the economic downturn.
From Sigi Hiss, at 30. November 2010 11:56
by Adam Lechmere- Two of Australia’s best-known wine brands, Penfolds and Jacob’s Creek, swept the board at the latest Great Australian Red competition, taking all five trophies between them. Two of Australia’s best-known wine brands, Penfolds and Jacob’s Creek, swept the board at the latest Great Australian Red competition, taking all five trophies between them. In the fifth annual taste-off devoted solely to Australian blends of Cabernet Sauvignon and Shiraz, Jacob’s Creek Johann Shiraz Cabernet 2005 was awarded the overall accolade of Great Australian Red 2010, and also won the trophy for the best Shiraz-dominant blend.
Webnwine.com RSS Feed abonnieren
