Latest news with #HennessyCognac
Yahoo
15-03-2025
- Yahoo
Chamberlain man pleads guilty to grand theft
Mar. 14—MITCHELL — A Chamberlain man who stole 45 bottles of liquor from County Fair over the course of a month has pleaded guilty to grand theft. Mitchell Old Lodge, 31, was sentenced on March 11, 2025, to two years in prison, with all time suspended, and placed on two years of probation. He was also sentenced to 10 days in jail and ordered to pay $1,939.45 in restitution for the stolen items. The thefts occurred between March 3 and March 27, 2024, with Old Lodge taking a couple of bottles at a time during different visits to the store. The crimes came to light when a stocker responsible for liquor at County Fair noticed bottles were missing and alerted a store employee. After reviewing security footage, the employee saw Old Lodge slipping a 750 mL bottle of Crown Royal Peach and a bottle of Hennessy Cognac into his coat pockets before walking out without paying. Further review of the footage revealed that Old Lodge had repeatedly stolen liquor over the course of several weeks, taking bottles of Hennessy, Ciroc Summer Citrus, Casamigos Tequila, Fireball, and Crown Royal, among others. In total, he stole 45 bottles valued at $1,939.45. After seeing a flier in the store office, a County Fair employee identified Old Lodge as the thief. The footage and the identification led to his arrest.
Yahoo
13-03-2025
- Business
- Yahoo
European Drink Makers Fall as Trump Returns to a Favorite Target
(Bloomberg) -- President Donald Trump is turning to a favorite target — European producers of alcoholic drinks — in the latest escalation of a global trade war. Trump DEI Purge Hits Affordable Housing Groups NYC Congestion Pricing Toll Gains Support Among City Residents Electric Construction Equipment Promises a Quiet Revolution Open Philanthropy Launches $120 Million Fund To Support YIMBY Reforms Prospect Medical's Pennsylvania Hospitals at Risk of Closure Shares of Pernod Ricard SA, Remy Cointreau SA and LVMH, the maker of Dom Perignon Champagne and Hennessy Cognac, fell Thursday after Trump threatened to impose a 200% tariff on European wine and other alcoholic drinks. Trump threatened to apply the tariffs in a social media post after the EU said it would impose duties on $28 billion of US goods, including American whiskey, beginning next month. The new levy would apply to all wine, Champagne and other alcohol from the EU, he said. Pernod fell as much as 3.8% on Thursday in Paris. It's down by more than a third over the past 12 months. Remy, which has lost about half of its value over that period, was down as much as 4.5%. Trump had already targeted European wine and spirits during his first term in office, imposing a 25% tariff on a range of drinks and food products. Separately, French Cognac producers are caught up in a trade dispute between the European Union and China. After the EU's decision to move forward with duties on Chinese-made electric vehicles, Beijing responded by targeting EU brandy, including French Cognac. That followed an investigation into allegations that producers were dumping the spirit in the Chinese market. Since then, French shipments to China have tumbled, and producers such as Pernod have lowered their financial guidance. A trade group, spiritsEurope, had already signaled concern about escalating trade wars after the European Union announced tariffs on US whiskey and other alcoholic drinks, urging the EU to keep spirits out of unrelated disputes. --With assistance from Kit Rees. How America Got Hooked on H Mart How Natural Gas Became America's Most Important Export How Trump's 'No Tax on Tips' Could Backfire for the Working Class Germany Is Suffering an Identity Crisis 80 Years in the Making Disney's Parks Chief Sees Fortnite as Key to Its Future ©2025 Bloomberg L.P.
