Alcohol industry

Remy Cointreau boss to leave the business

Cointreau
Remy Cointreau

undefinedFrench spirits group Remy Cointreau said chief executive Valerie Chapoulaud-Floquet will step down by the end of the year for personal reasons.

Ms Chapoulaud-Floquet, 56, will continue her job until the arrival of a successor, the French cognac maker said.

She has been in charge of the maker of the cognac maker since September 2014.

American rappers have made Cognac cool again

The French brandy is experiencing a revival among hip hop fans
For many, the word 'cognac' brings up an image of an older person drinking an amber-coloured liquid from an expensive piece of glassware, with classical music playing softly in the background. The reality is rather different. 

Cognac - brandy specifically from the Cognac region of France - has become more popular with American hip hop and rap fans than practically anyone else on the planet. The BBC's Elizabeth Hotson reports.

(Photo: Rapper Busta Rhymes performs at the 15th Anniversary of Pass the Courvoisier at Tree Sound Studios in Atlanta, Georgia. Credit: Moses Robinson/WireImage/Getty Images)
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Profits climb at pub chain despite 'political uncertainty'

Inside a pub
EI Group

Britain’s largest pub company EI Group said this morning that despite “unprecedented political uncertainty” boozers have continued to support local pubs.

The company's pre-tax profit for the six months to the end of March bubbled up to £59m from £57m a year ago.

It pocketed £332.7m in the period by flogging 348 commercial properties.

It runs more than 4,400 pubs across the country.

Its shares climbed almost 6% on the news.

Stock spends on Czech and Italian booze businesses

Stock logo
Stock

Drinks business Stock Spirits has splashed out €7.3m on Bartida, a Czech Republic premium spirits business.

The acquisitive alcohol firm also confirmed its agreement to pay €23.5m for Italian grappa business Distillerie Franciacorta, which had previously been announced in January.

The company said it made a profit of €5.8m in the six months to the end of March, reversing a loss of €1.4m in the previous year.

"The acquisitions in Italy and the Czech Republic are a clear sign that we are committed to delivering growth both inorganically and organically," said chief executive Mirek Stachowicz.

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