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FRANCE: Boizel sales triple after acquisitions

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Boizel Chanoine Champagne, the world's number two Champagne producer, said today (13 February) that its sales last year tripled on the back of acquisitions.

The company posted annual turnover of EUR311m (US$404m) for 2006, up from EUR97m a year earlier. Boizel pointed to the acquisitions of rival producers Burtin and Lanson for the jump in sales.

However, Boizel said the figure included a one-off sale of EUR49m of stock. The result did not include EUR36m of sales from Burtin and Lanson from the first three months of 2006. Boizel began accounting for sales from the two Champagne houses in April last year.

Boizel said it sold 21m bottles of Champagne last year, with 45% of sales made outside France.

The company said it would publish its full-year financial figures on 4 April.


Sectors: Wine

Companies: Boizel Chanoine Champagne

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just-drinks' Mergers & Acquisitions database - February 2020 - FREE TO ACCESS

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