Round-Up - Remy Cointreau to Offload Champagne
Remy Cointreau has announced that it is looking to sell its Champagne unit. Here, we bring together just-drinks coverage of the race to buy the Piper-Heidsieck and Charles Heidsieck brands.
Remy Cointreau is struggling to persuade analysts and the market that it is on an upward curve, following the release of disappointing half-year profits figures.
Remy Cointreau has said that it expects offers for its Champagne business before the end of 2010.
Remy Cointreau's Champagne business has been marginalised by the global recession and the group would rather be pouring Cognac for China.
Remy Cointreau has said that its Champagne arm is unprofitable and the group hopes to reinvest proceeds from selling the business into Cognac and other spirits.
Rémy Cointreau's announcement that it may sell its Champagne business will doubtless have pricked a few ears in the drinks sector.
Rémy Cointreau is mulling the sale of its Champagne division, which has been hit hard by the economic downturn.
- Aus wine industry pays price for past failures
- What's in store for Super Bowl 50 - Focus
- Six key trends for alcoholic drinks in 2016
- Ten things to know about spirits in the US
- Carlsberg's Q4 & Full Year - Preview
- William Grant & Sons restructures US team
- Diageo's Orphan Barrel The Gifted Horse - NPD
- Diageo completes wine category exit in US
- Beam Suntory targets Kenya with Edrington/FIX
- Diageo's Oban Little Bay single malt Scotch - NPD
- What Next for Beer and Brewers Following the MegaBrew Deal?
- Global travel retail insights - market forecasts, product innovation and consumer trends
- Global Beer Trends 2015 : Global Beer Trends and Long-term Forecasts
- Global Whiskey Market 2016-2020
- Global sparkling wine insights - market forecasts, product innovation and consumer trends research