The Rémy Cointreau Group has announced the closing of the Westland Distillery acquisition, helping expand its portfolio in the fast growing high-end single malt whiskey category.
Rémy Cointreau is toasting its first move into premium Scotch after agreeing to acquire single-malt distiller Bruichladdich Distillery Company for £58m ($90m).
Rémy Cointreau’s possible acquisition of single malt Scotch distillery Bruichladdich makes ‘good strategic sense’ according to an analyst who said it reduced the chance of it being acquired by a major rival.
A number of wine and spirits makers suggest the industry should remain optimistic in the long-term over sales growth, despite the potential impact of the economic downturn on consumer demand.
Rémy Cointreau says it is confident of achieving
"significant" improvements in organic profitability during
2008 on the strength of brands sales in emerging markets over the
last half year.
French drinks group Rémy Cointreau has reported double-digit growth
in the first quarter of 2004, driven by strong gains in Asia and
the US, but continued weakness in its domestic market took a toll
on Champagne sales.
French wines and spirits maker Remy Cointreau has reported revenue
growth of 10 per cent in the 12 months to the end of March. The
company added that a 21 per cent surge in the final quarter
indicated that the company has ridden out...
