Tag Archive | "Remy Cointreau"

Remy Cointreau Enters Scotch Whisky Market


Remy Cointreau UK, a wholly owned subsidiary of Remy Cointreau Group, has agreed to acquire Bruichladdich Distillery Company, the Islay single malt Scotch whisky distiller. The transaction marks the French drinks group’s first move into the premium single malt Scotch whisky market, a category experiencing strong growth all over the world, especially in the very high-end segment.

This deal furthers Remy Cointreau’s long term value strategy, geared to investing into international premium spirits with strong ‘savoir-faire’. Bruichladdich, the progressive Hebridean distiller, was purchased in December 2000 by Mark Reynier and a group of private investors who resurrected the Victorian distillery developing it in to an exciting brand with worldwide acclaim.

Total transaction value amounts to £58 million, comprising of £48 million for the acquisition of the entire share capital of Bruichladdich and estimated debt of £10 million that Remy Cointreau will assume.

Jean-Marie Laborde, chief executive of Remy Cointreau, says: “The acquisition of Bruichladdich, a renownedIslaysingle malt with a rich and exciting heritage, is a great opportunity to enrich our high-end portfolio of brands and to confirm our strategy in the spirits luxury segment. We expect Bruichladdich to sit proudly alongside our other brands.”

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Strong Sales Performance by Remy Cointreau


French drinks group Remy Cointreau has reported a 13% increase in full year turnover to Eur1.03 billion, including a 21.9% rise in Remy Martin sales to Eur592.5 million. All regions of the world contributed to the increase, with double-digit organic growth in the US and Asia. The strong results were driven by the move up market of the group’s brand portfolio and a particularly effective distribution network.

“This performance confirms the group’s strategic orientation initiated over the past years – a distribution structure, in close proximity to the markets and a growth strategy focused on the premium segment, supported by innovation with strong yet targeted investment behind our brands, in order to reinforce our long-term value strategy,” comments Jean-Marie Laborde, chief executive of Remy Cointreau. “This year, Remy Cointreau has, once again, demonstrated a capacity for growth by combining the attraction of its brands and the efficiency of its distribution network. We will continue the deliberate move of our products up market and the quality of the work we carry out in our markets.”

Remy Martin performed strongly throughout the financial year with 25.1% organic turnover growth to Eur592.5 million and double-digit growth for the third consecutive year, as it continued to improve its position in the global market.

Liqueurs and Spirits saw a recovery with renewed organic growth of 5.1% to Eur215.8 million after a number of more difficult years. All brands reported growth in the 2011/12 financial year. Cointreau achieved growth in key markets such as the US, as well as in Japan and in emerging markets such as Brazil and Mexico. Mount Gay Rum and Metaxa (on the back of weak comparatives due to the Greek crisis) recorded growth in their respective markets.

Partner Brands posted organic growth of 4.1% to Eur217.8 million. The growth in brands distributed for Remy Cointreau’s partners was primarily driven by Scotch whiskies in the US and the Travel Retail segment. The champagne business continued its development, particularly, Piper-Heidsieck.

The favourable movement in the US dollar over the second half of the year continued to narrow the variance between organic and published growth. Remy Cointreau confirms a substantial increase in its full-year results, with significant double-digit growth in current operating profit to the end of March 2012.

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Interim Profits Surge at Remy Cointreau


Reflecting sales growth across all its geographic regions, French spirits group Remy Cointreau has increased current operating profit by 27.3% (up 30.7% organically) to Eur106.2 million for the first six months ended September 30th 2011. Turnover at Eur474.9 million rose by of 10.9% compared with the previous period and by 18.1% organically. The group’s own brands contributed Eur380.4 million, up by 12.9% (20.6% organically). Current operating profit represented 22.4% of turnover, an increase of almost three percentage points.

 

All the group’s geographic regions reported growth. Asia continued to expand strongly, achieving organic growth of 34.0%. The Americas region grew by 11.4% organically during the first half of the year. Europe posted remarkable organic growth of 7.0%, due in particular to strong growth in cognac sales in major European markets.

 

During the period, Remy-Cointreau sold its entire shareholding in Piper-Heidsieck – Compagnie Champenoise to EPI group, which has now assumed control of the Champagne operations in Reims and of Piper Sonoma in the US. In addition, Remy Cointreau and EPI signed a global distribution agreement for the Piper-Heidsieck, Charles Heidsieck and Piper Sonoma brands.

 

Remy Cointreau is continuing to pursue its long-term value strategy of moving its brands up-market and focusing its investment on the development of its international brands and on innovations.

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Remy Cointreau Offers Champagne Division Up For Sale


Remy Cointreau is considering selling its loss-making champagne business. The French drinks group has hired Credit Agricole-CIB to commence a competitive bid process for the possible sale of the champagne division, which incorporates the Piper-Heidsieck and Charles Heidsieck brands. Champagne sales fell by 23.7% to Eur96.7m in the year to March last.

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