Rémy Cointreau Explained

Rémy Cointreau
Type:Public
Location:Cognac, France
Key People:Marie-Amélie de Leusse (President)
Industry:Alcoholic beverages
Products:Cognac, triple sec, rum, brandy, gin, liquor, whisky
Brands:Rémy Martin
Num Employees:2021 (2023)
Revenue: 1.2 billion (2023-2024)[1]
Net Income: 284.8 million (2023-2024)
Homepage:Remy-cointreau.com

Rémy Cointreau is a French, family-owned business group specialized in the production and distribution of alcoholic beverages. The group's products include cognac (Rémy Martin, Louis XIII), triple sec (Cointreau), the Greek spirit Metaxa, rum (Mount Gay), brandy (St-Rémy), gin (The Botanist) and whisky (Bruichladdich, Westland, Domaine des Hautes Alpes). The group, whose origins date back to 1724, was formed in 1990 after the merger of Rémy Martin and Cointreau. Rémy Cointreau also owns the fragrance company Maison Psyché.

History

The cognac company Rémy Martin was created in 1724. It started international exports the following century and created the high-end cognac brand Louis XIII in 1874. Rémy Martin was bought in 1924 by André Renaud and launched the cognac brand VSOP Fine Champagne in 1927.[2] [3] In 1965, André Hériard Dubreuil (stepson of André Renaud) took over the direction of the company. He switched the group's focus on luxury brands, modernized its marketing, and developed its own international distribution network.[4] During the 1980s, the group acquired Charles Heidsieck (1985), Piper-Heidsieck (1988), Mount Gay Rum (1989), and created the brand Passoã (1986). A joint-venture was launched in China to create the Dynasty Fine Wines Group,[5] and another one in California to create Rémy Martin Schramsberg, the first Californian distillery since the Prohibition.[6]

The Rémy Cointreau Group is a result of a 1990 merger between E. Rémy Martin & Cie SA and Cointreau & Cie SA, respectively.[7] During the 1990s, the group divested a few brands including the champagne Krug.[8] Rémy Cointreau created the international distribution network (outside the USA) Maxxium in 1999 with Highland and Jim Beam Brands[9] and acquired the Bols group (Bols, Metaxa, Curaçao, Asbach Uralt) in 2000.[10] The group left Maxxium in 2009 to create its own international distribution network.[11] In 2011, it sold the champagnes Piper-Heidsieck and Charles Heidsieck to French luxury goods group EPI for 422 million euros.[12]

Rémy Cointreau acquired the Bruichladdich Distillery Company (Bruichladdich, Port Charlotte, Octomore, The Botanist - B Corp certification in 2020) in 2012,[13] The Westland Distillery (USA)[14] and the Domaine des Hautes Glaces (Alps, France) in 2017,[15] and the cognac J.R. Brillet[16] and the champagne Telmont in 2020,[17] and divested Passoã the same year.[18] In 2022, Rémy Cointreau created the fragrance company Maison Psyché, which uses spirits' aging methods to create high-end perfumes.[19]

Description

Rémy Cointreau is a French business group specialized in the production and distribution of alcoholic beverages. The group is based in Cognac, France. Its main shareholder is the Hériard Dubreuil family. It is indexed in the Euronext Paris as a CAC Next 20 component.

Rémy Cointreau owns the following brands:

!Brand!Year!Type
Mount Gay RumCreated in 1703Acquired in 1989Rum
Rémy MartinLaunched in 1724Cognac
CointreauCreated in 1849Merged in 1990Triple sec
Launched in 1874Cognac
BruichladdichCreated in 1881Relaunched in 2001

Acquired in 2012

Whisky
St-RémyLaunched in 1886Brandy
MetaxaCreated in 1888Acquired in 2000Muscat de Samos
The BotanistAcquired in 2012Gin
Domaine des Hautes GlacesAcquired in 2017Whisky
WestlandAcquired in 2017Whisky
J.R. Brillet (renamed Belle de Brillet[20])Acquired in 2020Liquor
TelmontAcquired in 2020Champagne
Rémy Cointreau also owns the high fragrance company Maison Psyché.

External links

Notes and References

  1. https://www.rayon-boissons.com/spiritueux/remy-cointreau-a-vu-fondre-son-resultat-net-en-2023-2024 Rémy Cointreau a vu fondre son résultat net en 2023-2024
  2. Web site: Parrino . Beatrice . 2022-12-18 . Rémy Cointreau, le roi du cognac . 2023-12-15 . Le Point . fr.
  3. Web site: Gaston-Breton . Tristan . 2000-08-14 . 11. Les Hériard Dubreuil . 2023-12-15 . Les Echos . fr.
  4. News: Greenhouse . Steven . 12 February 1988 . A New Global Status for Cognac . The New York Times . 16 December 2023.
  5. Web site: 2010-11-10 . Chinese Winemaker Dynasty Opens Tianjin Chateau, Eyes International Credibility . 2024-03-21 . jingdaily.com.
  6. Web site: Tribune . Chicago . 1986-01-23 . FIRST CALIFORNIA DISTILLERY SINCE PROHIBITION READY TO OFFER A . 2024-03-21 . Chicago Tribune . en-US.
  7. News: Ramirez . Anthony . 1989-11-11 . Remy Martin and Cointreau Plan to Merge . . New York . 2020-08-25.
  8. News: Barrett . Amy . 22 January 1999 . LVMH Buys Krug Champagne Brand From Troubled Drinks Group Rémy . The Wall Street Journal . 16 December 2023.
  9. 1999-06-11 . Spiritueux : la nouvelle donne mondiale . LSA Conso . fr.
  10. Web site: 2011-11-17 . Remy Cointreau schluckt Bols - WELT . 2023-12-15 . DIE WELT . de.
  11. Web site: 2006-11-23 . Rémy Cointreau terminates links with Maxxium – 23/11/06 . 2023-12-15 . The Moodie Davitt Report . en-GB.
  12. Web site: Lechmere . Adam . 2010-11-17 . Piper-Heidsieck and Charles Heidsieck sold to EPI | Daily wine news - the latest breaking wine news from around the world | News . 2011-03-18 . decanter.com.
  13. Web site: 2012-07-23 . Bruichladdich and Rémy Cointreau Reach Agreement . 2012-07-23 . bruichladdich.com.
  14. News: 1 December 2016 . Rémy Cointreau to buy U.S. single malt whiskey maker Westland . Reuters . 16 December 2023.
  15. Web site: Bromell . Octavia . 2017-01-05 . Rémy Cointreau buys Domaine des Hautes Glaces . 2023-12-15 . The Drinks Business . en-GB.
  16. News: 30 April 2020 . Rémy Cointreau: Closing of the Acquisition of the Maison de Cognac J.R. Brillet . Nasdaq . 16 December 2023.
  17. Web site: Micallef . Joseph V. . Rémy Cointreau’s Telmont Champagne Acquisition Reaffirms Its Focus On Terroir . 2023-12-15 . Forbes . en.
  18. Web site: Bellwood . Owen . 2020-12-04 . Rémy Cointreau exits Passoã joint venture . 2024-03-21 . The Spirits Business . en-US.
  19. Web site: Saadan . Andrea . The essence of time: Introducing Maison Psyché, an ultra-luxurious new perfume house . 2023-12-15 . Tatler Asia . en.
  20. Stassi . Frank . 2022-08-21 . [Drinks stories] La liqueur de cognac et de poires Belle de Brillet se remet au goût du jour ]. L'Usine Nouvelle . fr.