FRANCE: Hennessy to sell Hine to CL Financial
Reports indicate that Hine currently sells 80,000 cases annually (720,000 litres) compared to 240,000 cases several years ago.
According to an industry survey, the Hennessy group had global annual sales of 3.3m cases in 2002.
CL Financial has a number of interests in the spirits sector, including its Angostura subsidiary, which specialises in aromatic bitters and rums.
The holding company has made a number of investments in Europe recently, taking a stake in French drinks group, Belvédère and acquiring Scotch whisky producer, Burn Stewart Distillers.
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Available from just-drinks' research store now is the "Global market review of Champagne." The review not only looks at markets around the world, but also gives profiles of the main players in the sec...
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Revenue at LVMH Moet Hennessy Louis Vuitton reached €9.598bn for the first nine months of 2005, representing 12% organic growth from the corresponding period last year, the French drinks and luxury go...
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