Champagne Jacquart

Article Abstract:

The CGT believes that to sell the limited liability company Jacquart for FFr 22m, as predicted by the co-operative company, would be to let go, at a knockdown price, a firm whose value was estimated at FFr 92mn in 1996. The enterprise committee proposes an alternative to this option, via the accountancy office SECAFI. Their plan would be to maintain the Jacquart brand in the present scheme, to endow the limited liability company with an independent board of directors, and to recapitalise Jacquart with FFr 200mn in funds. This option will be propsed to Cr dit Agricole .

Comment:

Trade union believes that to sell co for F22 mil would be to let go, at knockdown price, co with estimated 1996 value at F92 mil

Asset sales & divestitures, Champagne Jacquart S.A.

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La VPC a pes 6% des ventes en France en 1996

Article Abstract:

According to Onivin's 1996 data, mail order sales represent 6% of wine sales in France. The market leader is Savour Club, which posts a pre-tax turnover of FFr 285mn, two thirds of which is from mail-order sales. This operator expects to have an Internet site by the end of 1998. Other market operators include Le Club Fran ais du Vin, which made a tax-inclusive turnover of FFr 66mn in 1997, Le Club des Gourmets, Le Club Vins et Privil ges which made a 1997 tax-inclusive turnover of FFr 14.7mn, and the L. M tairie company which made a 1997 tax-inclusive turnover of FFr 50mn.

Comment:

France: According to Onivin's 1996 data, mail order sales represent 6% of wine sales in country

Wine, Retail sales

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Calvet/

Article Abstract:

Quality wines (AOC label) and wines issued from a specific grape variety are the most dynamic segments in the consumption of French wines world-wide, Calvet says. The French wine merchant has just introduced Calvet de Calvet, a new range of five wines from specific grape varieties which will be sold world-wide. Calvet makes 70% of its turnover (FFr 280mn in 1997, up 23% on 1996) with export markets.

Comment:

Introduces Calvet de Calvet, new range of five wines from specific grape varieties which will be sold worldwide

Product introduction, Calvet

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