FRANCE: Moët et Chandon silent on investment reports
Moët et Chandon has refused to comment on reports that it will invest over EUR60m (US$94.1m) in a new warehouse for three of its brands - Moët et Chandon, Dom Pérignon and Mercier.
A report in a French national paper over the weekend said that the warehouse is to be built in Oiry, near Moet's headquarters in Epernay, and would be capable of stocking over 100m bottles within the next two to four years.
When contacted by just-drinks today (9 June), however, Jean Berchon, Moet's communications director, refused to comment on the report, saying only that discussions were being held with unions, and about planning permission, for a new warehouse project in Oiry.
"Nothing is official," he said, describing the EUR60m investment figure reported as "fantasy".
Berchon did confirm another element in the report, however, that a new grape pressing facility in Romont, south east of Reims, will be open for the 2008 vintage.
- What Brexit means for drinks industry? - Analysis
- The post-Brexit winners and losers - Analysis
- What does Brexit mean for AB InBev's SAB deal?
- Is there a future for the global beer brand?
- Customisable drinks - The next consumer trend
- The UK Referendum - just-drinks Live Blog
- Aldi dealt alcohol sales blow in Australia
- Ex-William Grant CEO Stella David re-joins Bacardi
- UK spirits producers braced for Brexit impact
- Maxxium eyes US$1.4bn opportunity in UK spirits
- Adultifying Soft Drinks; Capitalizing on rising adult demand for non-alcoholic beverages
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Spirits and Wine: Corporate Overview
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends
- Global RTD insights - market forecasts, product innovation and consumer trends