REMY COINTREAU TALKS CHAMPAGNE AND SPIRIT ACQUISITIONS
Putting numbers aside, a few interesting things came out of Remy Cointreau’s first half results yesterday. The company’s managing director Jean-Marie Laborde said rising grape prices could lead to the disappearance of artisan champagne brands in the coming years as a result of grape shortages.
"It's clear there will be consolidation among the brands," he told reporters after the conference call, according to Reuters.
But when it comes to new acquisitions, Laborde said the company will focus on spirits. He stressed that while it was not a priority, the company would consider buying another spirits brand if one came along. Perhaps some brands will be made available once Absolut is acquired next year.
"I could afford a brand today but am not looking," he said. "I would prefer to wait until we have our own (distribution) network, which is working well."
As you’ll recall, Remy announced plans last year to pull out of its Maxxium j-v with Vin & Sprit, Fortune and the Edrington Group, effective 2009.
"It's clear there will be consolidation among the brands," he told reporters after the conference call, according to Reuters.
But when it comes to new acquisitions, Laborde said the company will focus on spirits. He stressed that while it was not a priority, the company would consider buying another spirits brand if one came along. Perhaps some brands will be made available once Absolut is acquired next year.
"I could afford a brand today but am not looking," he said. "I would prefer to wait until we have our own (distribution) network, which is working well."
As you’ll recall, Remy announced plans last year to pull out of its Maxxium j-v with Vin & Sprit, Fortune and the Edrington Group, effective 2009.
posted at 9:52 AM
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