 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 by Staff Writers Paris (AFP) Oct 18, 2017
The world's biggest brandy producer Hennessy on Wednesday opened a new plant in southwest France to try to satisfy the seemingly insatiable thirst for its liquor in the US and Asia. The venerable distillery, which was bought by LVMH luxury goods group in 1987, sold 83.8 million bottles of drink last year. Half of its output went to the US and a quarter to Asia, excluding Japan. The new bottling and logistics facility in the village of Salles d'Angles -- a few kilometres from the town of Cognac after which Hennessy's variety of brandy is named -- will give a much-needed boost to production, LVMH CEO Bernard Arnault said. "It's not a bad problem to have but our stocks are very low and we cannot meet demand. We're short on bottles and on product because of the success of our products across the Atlantic and in China," Arnault said at Wednesday's launch. Hennessy aims particularly to turn out more bottles of the VS (Very Special) cognacs popular in the US and the VSOP (Very Special Old Pale, aged for at least four years) and XO (Extra Old, aged for over 10 years) varieties beloved of big-spending Chinese customers. Hennessy CEO Bernard Peillon told AFP he aimed to quadruple output over the next 25 years. kd/cb/jm
US moves closer to EU position on taxing tech giantsWashington (AFP) Oct 14, 2017 Washington is softening its position on European plans to impose taxes on US tech giants such as Apple and Google, officials said this week. The evolving attitude in recent days would mark a stark shift from American officials' frustration at previous efforts by European authorities to collect taxes from Silicon Valley firms. "The United States is open to considering the matter and they ... read more Related Links Global Trade News
|
|||||||||||||
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |
del.icio.us
Digg
Reddit
Google
