US: Edrington Group calls time on Rémy Cointreau distribution deal
Edrington has used Rémy in the US since 1985
The Glasgow-based Scotch whisky producer has distributed its brands, including Macallan and Famous Grouse, in the US through Rémy since 1985. The deal will end on 31 March, Remy said in a presentation following the release of its full-year results yesterday (11 June).
Edrington confirmed to just-drinks the distribution deal is to end, but declined to comment further on future plans.
A Rémy spokesperson told just-drinks Edrington is to take its US distribution in-house. “It is because now Macallan and Famous Grouse are working very well (in the US) - because of us,” the spokesperson said. However, the spokesperson added that Edrington has made a “fair decision”.
“It will be the end of a new contract, because the new contract comes around every three years," the spokesperson said.
2013 was a transformative year for Edrington as it severed its 28-year distribution agreement with Rémy Cointreau to take direct control over its own distribution network in the US. This is a key move...
Rémy Cointreau punches above its weight in spirits, having established itself as a major global player in cognac despite its relatively small size compared to Pernod Ricard and LVMH. China has been it...
Changing demographics, growing economies, increased disposable income and the rise in international and business travel have all contributed to the burgeoning travel retail sector....
- Analysis - Remy's Cognac "dead-cat bounce"
- Comment - How Hand-Made is Tito's Handmade Vodka?
- Heineken to stay "active player" in beer M&A - CFO
- Focus - Pernod Ricard's Q1 sales by brand
- Time for Heineken to make a European break
- Moët Hennessy unveils first Travel Retail outlet
- United Spirits sees Q1 net loss
- Beam Suntory, Edrington part ways in Travel Retail
- Pernod Ricard sees sales lift in Q1
- Smirnoff Ice gets India launch