11 August 2008 - At a shareholder meeting on Friday French spirits group Belvedere said that several approaches were considered to solve its current debt of 425 million euro.
The French business media reports today that the company is now considering the possibility of selling its Marie Brizard liqueur unit and instead refocus on its vodka business.
Belvedere acquired Marie Brizard from Duke Street Capital in 2006.
Heavily indebted, the group sold its Pulco and Sirop Sport brands to Orangina Group for 178 million euro during the summer 2007.
Marie Brizard employs in excess of 600 workers at its Bordeaux, Lormont, Beaucaire and Zizurkil (Spain) sites.
In January this year, FLEXNEWS reported that Marie Brizard moved its headquarters from Bordeaux to Ivry-sur-Seine, near Paris, and, at the same time, transfered its Bordeaux production operations to another one of its sites.