The family of Heriard Dubreuil could soon control a majority stake in the company of Remy-Cointreau, that owns the cognac house of Rémy Martin.
Remy-Cointreau became really big when Cointreau and Remy Martin merged in the 90s. Remy Cointreau reported a turnover of 800 million € and a net profit of 86 million € – and they are focusing now on investing in their core brands:
- Remy Martin (of course)
- Mount Gay Rum
- Piper-Heidsieck and Charles Heidsieck Champagne
The chairman of R-C is Dominique Heriard-Dubreuil, the shareholders are Orpar at 43% and Récopart at 14%. Now here comes the tricky part: Orpar has the biggest share, which again is owned by Andromeda – and that company belongs to the family of Heriard-Dubreuil.
Récopart is actually owned by Orpar at 49.18% (so.. yes.. the family of Heriard-Dubreuil, again) and 50.82% is owned by Pierre-Cointreau.
Now, what’s going to change? In fact, the family intends to transfer its Récopart shares to Orpar which would then lead to a majority of Opar.
But before such a transaction, Orpar and Récopart have to make it public and offer Récopart’s shares in public.
History of the Remy Cointreau group
1663 Date of first distillation of Mount Gay Rum in Barbados.
1724 Foundation of the House of Rémy Martin
1785 Foundation of the house Piper-Heidsieck in Reims by Florens-Louis Heidsieck.
1849 Establishment of Cointreau & Cie by brothers Cointreau in Angers
1888 Creation of the brand Metaxa in Greece.
1986 Creation of the brand Passoã
Acquisition in 1924 by André Renaud E. Remy Martin & Co. S.A.
Heriard Dubreuil Andre 1965 succeeded of his father André Renaud
1966 International distribution of Remy Martin
1980 Remy Martin creates the joint venture Sino-French Dynasty Wineryavec la municipalité de Tianjin (RPC)
1985 Acquisition of CharlesHeidsieck
1988 Acquisition of iper-Heidsieck Champagne
1989 Acquisition Mount Gay Rum
1991 The company is renamed to Remy Cointreau
1998 Dominique Heriard Dubreuil becomes President of Remy Cointreau
1999 Joint venture with the Maxxium distribution partners, Remy Cointreau, The Edrington Group and Beam Global Brands (Fortune Brands)
2000 Acquisition of Bols Royal Distilleries including brands such as Bols and Metaxa
Remy Cointreau idesides in 2006 to gain full control again on its distribution
2008 Remy Cointreau leaves Maxxium and establishes a new distribution organization
2009 March 30th, Rémy Cointreau leaves the Maxxium distribution joint venture
Source: Sud Ouest and Remy Cointreau website