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Rémy Cointreau

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Rémy Cointreau
Company typePublic
IndustryAlcoholic beverages
Founded1990; 34 years ago (1990)
HeadquartersCognac, France
Key people
Marie-Amélie de Leusse (President)
ProductsCognac, triple sec, rum, brandy, gin, liquor, whisky
BrandsRémy Martin
Revenue€ 1,548.5 million (2022-2023)
€ 293.8 million (2022-2023)
Number of employees
2021 (2023)
WebsiteRemy-cointreau.com

Rémy Cointreau is a French, family-owned business group specialized in the production 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.[1][2] 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.[3] During the 1980s, the group acquired Charles Heidsieck (1985), Piper-Heidsieck (1988), Mount Gay Rum (1989), and created the brand Passoã (1986).[2] A joint-venture was launched in California to create Rémy Martin Schramsberg, the first Californian distillery since the Prohibition.[4]

The Rémy Cointreau Group is a result of a 1990 merger between E. Rémy Martin & Cie SA and Cointreau & Cie SA, respectively.[5] During the 1990s, the group divested a few brands including the champagne Krug.[6] Rémy Cointreau created the international distribution network (outside the USA) Maxxium in 1999 with Highland and Jim Beam Brands[7] and acquired the Bols group (Bols, Metaxa, Curaçao, Asbach Uralt) in 2000.[8] The group left Maxxium in 2009 to create its own international distribution network.[9] In 2011, it sold the champagnes Piper-Heidsieck and Charles Heidsieck to French luxury goods group EPI for 422 million euros.[10]

Rémy Cointreau acquired the Bruichladdich Distillery Company (Bruichladdich, Port Charlotte, Octomore, The Botanist - B Corp certification in 2020) in 2012,[11] The Westland Distillery (USA)[12] and the Domaine des Hautes Glaces (Alps, France) in 2017,[13] and the cognac J.R. Brillet[14] and the champagne Telmont in 2020.[15] In 2022, Rémy Cointreau created the fragrance company Maison Psyché, which uses spirits' aging methods to create high-end perfumes.[16]

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 Rum[2] Created in 1703

Acquired in 1989

Rum
Rémy Martin[2] Launched in 1724 Cognac
Cointreau Created in 1849

Merged in 1990

Triple sec
Louis XIII[2] Launched in 1874 Cognac
Bruichladdich[11] Created in 1881

Relaunched in 2001

Acquired in 2012

Whisky
St-Rémy[2] Launched in 1886 Brandy
Metaxa Created in 1888

Acquired in 2000

Muscat de Samos
The Botanist[11] Acquired in 2012 Gin
Domaine des Hautes Glaces[13] Acquired in 2017 Whisky
Westland[12] Acquired in 2017 Whisky
J.R. Brillet[14] (renamed Belle de Brillet[17]) Acquired in 2020 Liquor
Telmont[15] Acquired in 2020 Champagne

Rémy Cointreau also owns the high fragrance company Maison Psyché.[16]

References

  1. ^ Parrino, Beatrice (2022-12-18). "Rémy Cointreau, le roi du cognac". Le Point (in French). Retrieved 2023-12-15.
  2. ^ a b c d e f Gaston-Breton, Tristan (2000-08-14). "11. Les Hériard Dubreuil". Les Echos (in French). Retrieved 2023-12-15.
  3. ^ Greenhouse, Steven (12 February 1988). "A New Global Status for Cognac". The New York Times. Retrieved 16 December 2023.
  4. ^ Tribune, Chicago (1986-01-23). "FIRST CALIFORNIA DISTILLERY SINCE PROHIBITION READY TO OFFER A". Chicago Tribune. Retrieved 2024-03-21.
  5. ^ Ramirez, Anthony (1989-11-11). "Remy Martin and Cointreau Plan to Merge". New York Times. New York. Retrieved 2020-08-25.
  6. ^ Barrett, Amy (22 January 1999). "LVMH Buys Krug Champagne Brand From Troubled Drinks Group Rémy". The Wall Street Journal. Retrieved 16 December 2023.
  7. ^ "Spiritueux : la nouvelle donne mondiale". LSA Conso (in French). 1999-06-11.
  8. ^ "Remy Cointreau schluckt Bols - WELT". DIE WELT (in German). 2011-11-17. Retrieved 2023-12-15.
  9. ^ "Rémy Cointreau terminates links with Maxxium – 23/11/06". The Moodie Davitt Report. 2006-11-23. Retrieved 2023-12-15.
  10. ^ 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". decanter.com. Retrieved 2011-03-18.
  11. ^ a b c "Bruichladdich and Rémy Cointreau Reach Agreement". bruichladdich.com. 2012-07-23. Retrieved 2012-07-23.
  12. ^ a b "Rémy Cointreau to buy U.S. single malt whiskey maker Westland". Reuters. 1 December 2016. Retrieved 16 December 2023.
  13. ^ a b Bromell, Octavia (2017-01-05). "Rémy Cointreau buys Domaine des Hautes Glaces". The Drinks Business. Retrieved 2023-12-15.
  14. ^ a b "Rémy Cointreau: Closing of the Acquisition of the Maison de Cognac J.R. Brillet". Nasdaq. 30 April 2020. Retrieved 16 December 2023.
  15. ^ a b Micallef, Joseph V. "Rémy Cointreau's Telmont Champagne Acquisition Reaffirms Its Focus On Terroir". Forbes. Retrieved 2023-12-15.
  16. ^ a b Saadan, Andrea. "The essence of time: Introducing Maison Psyché, an ultra-luxurious new perfume house". Tatler Asia. Retrieved 2023-12-15.
  17. ^ 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 (in French).
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