Lanson-BCC : 2023 sales down by a bit less than expected
>2023 sales down 6.1% to € 271.7m vs € 266.9m est. - Lanson-BCC yesterday reported 2023 sales down 6.1% to € 271.7m, or 1.8% above our estimate of € 266.9m. Excluding brokerage activities, sales were down 5.8% to € 266.4m. As expected, sales in France were down 5.4% due mainly to the elimination of an entry-price range at Champagne Chanoine Frères. Export sales were down 6.1% reflecting overstocking at clients, notably in the US and Australia. This fall in export vol...Lanson-BCC produces, sells and markets champagne. Co. owns a portfolio of houses which are: Champagne Lanson (international market), Champagne Boizel (French-mail order, wines distributed in the traditional sector for international markets), Champagne Chanoine Freres (mass retail market), Champagne Philipponnat and Champagne De Venoge (selective retail markets), Champagne Alexandre Bonnet (traditional sectors), Maison Burtin (mass retail supplier, distributed through traditional networks). Co.'s brands are Boizel, Chanoine Freres, Tsarine, Philipponat, Clos des Goisses, Abel Lepitre, De Venoge, Alexandre Bonnet, Lanson, Besserat de Bellefon, Alfred Rothschild.
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