Belvédère Loses Protection From Creditors, Marie Brizard Could Be Up For Sale Again

French drinks group Belvédère, which filed for bankruptcy protection in July 2008, has lost protection from creditors after a French court of appeal upheld a ruling that stated the firm had failed to respect the rulings of the original protection plan. Belvédère's creditors could potentially now call in their loans but a more likely scenario is that a new, more stringent agreement will be negotiated. With Belvédère's creditors annoyed that the company had failed to make progress in divesting assets as part of its repayment plans, this part of any agreement is likely to be given prominence and may mean

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