GREECE: Metaxa focuses on new EU countries
Metaxa is looking to the new EU member states to boost its exports. The Greek brandy maker said yesterday (14 September) that the move is aimed to offset the decline in alcohol consumption in the mature European drinks market.
Metaxa saw its turnover in the fiscal year to 31 March dip to €30.6m (US$37.6m) from €31.2m a year earlier. Pre-tax profit edged up for the 12-month period to €9.3m from €8.6m. The Remy Cointreau-owned company said that it had a difficult start to the new financial year, although July and August saw significant sales rises.
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Remy Cointreau has gone to holders of one of its bonds to gain permission to complete the sale of its stake in Bols....
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Remy Cointreau has posted a slight rise in revenue growth for fiscal year 2005....
The Polish unit of Remy Cointreau has pulled out of the race for a majority stake in Polmos Bialystok....
Central European Distribution Corporation (CEDC) has revealed plans to enter into a strategic alliance with Remy Cointreau....
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