Belvedere’s share price has doubled in the past month. Shares rose by 23% today alone. This appears to reflect renewed confidence on the part of investors in the Sobieski vodka maker’s ability to avoid liquidation and reach a debt repayment deal with its creditors, based on the sale of non-core assets.
FRANCE: Belvedere gets reprieve, shares still rising
Belvedere will have to wait until 8 March for a court verdict on its financial fate, but the French group's share price has continued to soar.