VRANKEN-POMMERY BEGINS DIRECT DISTRIBUTION IN U.S.

Champagne group Vranken-Pommery says it has taken over direct distribution of Pommery in the US as of June 30, along with plans to open up a subsidiary in Japan during the second half. The company reported flat sales (0.1%) for the first six months, but confirmed a revenue growth target between 6% and 7% for the full year.