Share |

remy cointreau

Family business roundup: Remy Cointreau and Joh A Benckiser make acquisitions

July 24, 2012

The drinks are on Remy Cointreau and Joh A Benckiser, after the family businesses respectively snapped up a whisky-maker and a coffee shop chain this week.

Joh A Benckiser, the holding company of the German Reimann family, said it would acquire US chain Peet’s Coffee & Tea for nearly $1 billion (€827,000) on 23 July.

Family business roundup: Cheers to growth at Remy Cointreau and Prada

June 12, 2012

Crisis or no crisis, French family-controlled drinks-maker Remy Cointreau has reported annual revenues of more than €1 billion for the first time in its history, while luxury goods group Prada has seen net income for the first quarter shoot up by more than 100%.

Paris-based Remy Cointreau, behind brands such as Remy Martin cognac and Mount Gay rum, said preliminary sales for the year ending 31 March rose by 13% to €1.02 billion. It had a turnover of €907.8 million in the previous fiscal year.

Family business roundup: Strong demand boosts European firms

April 24, 2012

Much of Europe might be experiencing austerity, but some family businesses are reporting strong growth.

A German family-owned pharmaceutical company, Boehringer Ingelheim, said on 24 April that revenues for 2011 rose by 6.2% to €13.2 billion.

Much of this growth was due to the sale of prescription medicines, which accounted for 77% of total turnover, said the Ingelheim-based group.

Asian demand boosts sales at Remy Cointreau

January 19, 2012

French family business Remy Cointreau looks set for a double-digit rise in full-year turnover, after posting an 18.2% increase in sales for the first nine months of fiscal 2011/2012.

The Paris-based company, which is behind brands such as Remy Martin cognac, reported revenues of €821 million for April to December 2011.

Remy Cointreau sees profits hit by Greek crisis

December 1, 2010

Remy Cointreau, the family-owned drinks company, has seen profits decline drastically for the first half as its Metaxa spirit suffered from Greece’s debt crisis.

Remy Cointreau, the family-owned drinks company, has seen profits decline drastically for the first half as its Metaxa spirit suffered from Greece's debt crisis.

Remy Cointreau's group net profit for the six months ending 30 September 2010 stood at €14.1 million, a 65% decrease on last year's €39.8 million. In a statement the group said the decline was "principally due to the highly unfavourable impact of the decline in Metaxa's sales in Greece."