Rémy Cointreau

Line

• Jean -Marie Laborde (CEO)
• Dominique Dubreuil Hériard (Chairman of the Supervisory Board)

Rémy Cointreau is a French group of the liquor industry, and went in 1990 from a merger between Rémy Martin and Cointreau forth. Principal activities of the Group are production and sales of cognac (brandy ), liqueurs and other spirits. Rémy Cointreau has four production sites and is on 160 markets worldwide (status 2009). North and South America and Europe carry it with just under 40 % of revenue, Asia and other markets make a good 20% off.

History

The company's origins lie in the foundation of the houses Rémy Martin Cognac (1724 by two wineries ) and Cointreau & Cie (1849 by the brothers Cointreau ). 1924 bought André Renaud, E. Remy Martin & Cie SA. He was succeeded by his death in 1965, his son André Dubreuil Hériard. Under his leadership, Rémy Martin 1980 involved in the Sino-French Joint - Venture Dynasty Wynery. It was followed by the acquisition of the Charles Heidsieck Champagne houses (1985) and Piper -Heidsieck (1988 ), the liqueur brand Galliano ( 1989) and the Mount Gay rum distillery ( also 1989).

1990, the shares of Remy Martin were transferred to the Cointreau & Cie SA, a year later, the company named Remy Cointreau SA in order. From 1999 to 2009, the group at the distribution joint venture Maxxium was involved, which included Rémy Cointreau still beside the Edrington Group (UK ), Beam Global Brands (USA) since 2001 and Vin & Sprit (Sweden). With Maxxium new markets, especially in Europe and Asia could be opened while the 100 - percent subsidiary Rémy Amérique was responsible for sales in North America and the Caribbean. In 2000 the Bols Royal Distilleries were acquired with the brands Bols and Metaxa. In 2006 some brands, including Galliano and Bols, sold again. At the same time began efforts to control the distribution of its own brands back stronger. The distribution was internationally restructured and created some of their own structures.

With effect from 1 April 2009, Rémy Cointreau eventually withdrew from the distribution joint venture Maxxium. Meanwhile, more than 1,000 employees around the world to take care of the sales of the products. The focus here is more evident than ever in the premium segment. In Germany and France emerged marketing joint ventures. So together with the Underberg Group was formed in the Diversa specialties GmbH, whose subsidiary Team Spirit International brand spirits GmbH distributes the brands of Rémy Cointreau and Underberg exclusively on the German market.

Rémy Cointreau in early 2011 were known, the two champagne brands Piper -Heidsieck and Charles Heidsieck for 410 million euros to the EPI Holding to sell the Descours family.

Business and key figures

Sales and profit went in the financial year 2008/2009 ( 31 March 2009 ) compared to the same period last year by 11.6 % and 12.9 % return. The number of employees grew in the same period by one-fifth, which is due to the conversion of sales structures.

Add the Cognac division 2008/2009 almost 44 % of Group sales were, but 55 % of the profit (operating profit) generates, especially with the brand cognacs Rémy Martin. Of importance here are mainly the Americas and Asia, while only 18.4 % of sales in Cognac Europe accounting. Has had the cognac sales have increased in recent years, partly strong ( eg Verdoppeltung in Russia 2005/2006 compared to the same period last year ), he was against the 2008/2009 total declined sharply ( - 13.6 %).

In second place, the liqueur and spirits division (2008/2009: 27.5 % of sales, 39 % of operating profit ), with almost half of which related to the orange liqueur Cointreau and Europe is the biggest market with nearly 60 % share of sales. For liqueurs and other spirits Rémy Cointreau achieved the highest operating margins ( 27.1% operating margin, compared to only 8.6 % for the champagne).

The Champagne division ( sales decline over previous year: 9.2% ) contributed almost 18 % of consolidated sales, but with only just under 8% for profit. Here plays with three-quarters of sales mainly the European market a role. With the distribution of partner brands over 11 % of sales were achieved.

Group structure and investments

About 57 % of the shares are held by the affiliates Orpar and Récopart of the families Hériard Dubreuil and Cointreau Pierre (2008/ 2009), the others are in free float (of which a good 15% at Arnhold and S. Bleichroeder, LLC ).

Rémy Cointreau has its own sales companies and numerous trade missions in different countries. In financial year 2008/2009 new investments have been developed also in France (50 % of Lixit, a marketing joint venture with William Grant & Sons) and Germany (50 % of the Diversa GmbH, a sales joint venture with Underberg ). In addition, Rémy Cointrau took over the previously belonging to Maxxium distribution companies in Belgium, Luxembourg, the Czech Republic and Slovakia completely. As a pure financial investor Rémy Cointreau continues to be involved with about 27 % of Dynasty Fine Wines Group Limited (Hong Kong).

Products and brands

The best known and hence its name to the group of companies are cognacs of Rémy Martin brand and the orange liqueur Cointreau. Other brands include:

• Metaxa
• Passoa ( liqueur)
• Mount Gay ( rum)
• Saint Rémy ( Brandy )
• Bruichladdich (Scotch whiskey)