Belvedere will have to wait until 8 March for a court verdict on its financial fate, but the French group's share price has continued to soar.
The Court of Appeal of Nimes said yesterday (5 January) that it will render its judgement on the future of the troubled French drinks group on 8 March, according to judicial sources. 

Belvedere's share price has doubled in the past month. Shares rose by 23% today alone. This appears to reflect renewed confidence on the part of investors in the Sobieski vodka maker's ability to avoid liquidation and reach a debt repayment deal with its creditors, based on the sale of non-core assets. 

For the first nine months of 2011, Belvédère posted an 8.1% net sales increase.