FRANCE: Rémy Cointreau agrees Larsen Cognac acquisition
Rémy Cointreau announced talks with Larsen in October
Rémy Cointreau has signed an agreement to buy Larsen Cognac for an undisclosed sum.
The Paris-based company will acquire the entire share capital of the family-owned Cognac producer, it said yesterday (18 December). The deal is expected to close before the end of this year, a Rémy spokesperson told just-drinks.
Negotiations over the deal were first publicly revealed in October.
Larsen, formed in 1926 by Norwegian Jens Reidar Larsen, has “built up inventories of aged eaux-de-vie that enables the company to guarantee the quality of its production and optimise its purchasing power”, Remy said.
In September, Remy completed its acquisition of Bruichladdich Distillery Company, the Islay-based Scotch whisky producer, for GBP58m (US$90.3m).
A study, conducted by brand valuation agency Brand Finance, has ranked the world's biggest drinks brands by their value. We've compiled the top 20 into a table below:...
- just The Preview - Diageo's FY preliminaries
- Analysis - SABMiller's Australian issues continue
- Focus - SABMiller's Q1 Performance by Region
- PepsiCo find stability but Peltz concerns linger
- NPD: Alcohol Beverage “Mash-Ups” Fuel Innovation
- Diageo silent over Shuijingfang writedown report
- Diageo's Captain Morgan Facebook ad banned
- Sales, profits fall at Moet Hennessy in H1
- Champagne Nicolas Feuillatte appoints new CEO
- Molson Coors CEO to retire