Belvédère has declined to comment on a report that it has postponed the sale of its Marie Brizard subsidiary.
French newspaper Le Figaro claimed this week that the deal has been put on ice. Belvédère must sell assets in order to meet a ten-year debt repayment plan that will allow it to emerge from bankruptcy protection in France.
“We’re not prepared to comment on a newspaper report whose validity we do not recognise,” a Belvédère spokesperson told just-drinks today (5 November).
Earlier this year, Belvédère gave itself until 10 September to announce a Marie Brizard sale. But, on the eve of that deadline, the firm said it had entered fresh negotiations with a new party and would need more time.
“We have nothing to add to our statement issued in September,” the Belvédère spokesperson said today. In its half-year report earlier this week, the group said only that “the decision to shed these assets is maintained but has been rescheduled”.
The statement also revealed that Marie Brizard made profits of EUR1.6m (US$2.27m) from sales of EUR64.2m in the six months to the end of June. Its assets depreciated by EUR22.2m over the period.
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