Rémy Cointreau
| Rémy Cointreau SA
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|---|---|
 |
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| legal form | Société Anonyme |
| ISIN | FR0000130395 |
| founding | 1990 |
| Seat | Paris , France |
| management | François Hériard Dubreuil, Chief Executive Officer |
| Number of employees | 1,808 (March 2015) |
| sales | € 1,193.3 million (2013) |
| Branch | spirits |
| Website | www.remy-cointreau.com |
| As of March 31, 2013 | |
The Rémy Cointreau SA , headquartered in Paris is a French group of the liquor industry and went in 1990 from a merger of Rémy Martin and Cointreau forth.
The main activities of the group are the production and distribution of cognac (brandy) , liqueurs and other spirits . Rémy Cointreau produces at four locations and is active in 160 markets worldwide (as of 2009). North and South America as well as Europe each contribute almost 40% to sales, Asia and other markets account for a good 20%.
history
The origins of the company lie in the founding of the houses Rémy Martin Cognac (1724 by two winemakers) and Cointreau & Cie (1849 by the Cointreau brothers). In 1924 André Renaud bought E. Rémy Martin & Cie SA. After his death in 1965, he was followed by his son-in-law André Hériard Dubreuil. Under his leadership, Rémy Martin participated in the French-Chinese joint venture Dynasty Wynery in 1980. This was followed by the takeover of the champagne houses Charles Heidsieck (1985) and Piper-Heidsieck (1988), the liqueur brand Galliano (1989) and the rum distillery Mount Gay (also 1989).
In 1990 the shares of Rémy Martin were transferred to Cointreau & Cie SA, and one year later the company was renamed Rémy Cointreau SA. From 1999 to 2009 the group was involved in the Maxxium sales joint venture, which in addition to Rémy Cointreau also included the Edrington Group (Great Britain), Beam Global Brands (USA) and, since 2001, Vin & Sprit (Sweden). Maxxium opened up new markets, especially in Europe and Asia, while the wholly owned subsidiary Rémy Amérique was responsible for sales in North America and the Caribbean. In 2000 the Bols Royal Distilleries with the brands Bols and Metaxa were taken over. In 2006 some brands, including Galliano and Bols, were sold again. At the same time, efforts began to regain greater control over the distribution of their own brands. The international sales department was restructured and some of its own structures were created.
With effect from April 1, 2009, Rémy Cointreau finally withdrew from the Maxxium sales joint venture. Over 1,000 employees around the world now take care of product sales. The focus is even more clearly than before on the premium segment. Sales joint ventures were established in Germany and France. In this way, together with the Underberg Group, Diversa Specialties GmbH was created, whose subsidiary Team Spirit Internationale Markenspirituosen GmbH sells the Rémy Cointreau and Underberg brands exclusively on the German market.
At the beginning of 2011, Rémy Cointreau announced that it would sell the two champagne brands Piper-Heidsieck and Charles Heidsieck for EUR 410 million to the Descours family holding EPI .
Business areas and key figures
Revenue and profit decreased by 11.6% and 12.9% respectively in the 2008/2009 financial year (through March 31, 2009) compared to the same period in the previous year. The number of employees grew by a fifth in the same period, which was due to the change in sales structures.
In the cognac division in 2008/2009 almost 44% of the group turnover, but 55% of the profit ( operating profit ) were generated, especially with cognacs of the Rémy Martin brand . The regions America and Asia are particularly important here, while Europe accounts for only 18.4% of sales at Cognac. While cognac sales had in some cases increased sharply in previous years (e.g. doubling in Russia in 2005/2006 compared to the same period in the previous year), they fell sharply overall in 2008/2009 (- 13.6%).
In second place is the liqueur and spirits division (2008/2009: 27.5% of sales, 39% of operating profit ), almost half of which is accounted for by the Cointreau orange liqueur and Europe is the most important market with almost 60% of sales. With liqueurs and other spirits, Rémy Cointreau achieves the highest return on sales (27.1% operating margin , compared to just 8.6% for champagne).
The champagne division (sales decrease compared to previous year: 9.2%) contributed almost 18% to group sales, but only just under 8% to profit. Here, with three quarters of sales, the European market in particular plays a role. A good 11% share of sales was achieved with the sale of partner brands.
Group structure and investments
A good 57% of the shares are controlled by the Hériard Dubreuil and Pierre Cointreau families through the holding companies Orpar and Récopart (2008/2009), the rest are in free float (15% of which are held by Arnhold and S. Bleichroeder , LLC).
Rémy Cointreau has its own sales companies and numerous commercial agencies in various countries. In financial year 2008/2009, new investments were made in France (50% in Lixit, a sales joint venture with William Grant & Sons ) and Germany (50% in Diversa GmbH, a sales joint venture with Underberg ). In addition, Rémy Cointreau completely took over the sales companies in Belgium, Luxembourg, the Czech Republic and Slovakia, which previously belonged to Maxxium. As a pure financial investor, Rémy Cointreau continues to hold around 27% of the Dynasty Fine Wines Limited Group (Hong Kong).
Products and brands
The best-known and therefore also giving the group its name are cognacs from the Rémy Martin brand and the orange liqueur Cointreau . Other brands include:
- Metaxa
- Passoa ( liqueur )
- Mount Gay ( rum )
- Saint Rémy ( Brandy )
- Bruichladdich ( Scotch Whiskey )
Web links
Individual evidence
- ↑ Archived copy ( memento of the original dated December 9, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Rémy Cointreau SA: Annual Report 2013. (PDF) Retrieved on June 10, 2014 .
- ↑ Rémy Cointreau sells Heidsieck . In: Börsen-Zeitung of March 2, 2011.
- ↑ a b c d Annual Report 2008/2009 (PDF, English).
- ↑ a b c Financial Report 2008/2009 (PDF, English).
