Sector News

Rémy Cointreau acquires majority stake in champagne producer

October 17, 2020
Consumer Packaged Goods

Rémy Cointreau has acquired a majority stake in champagne producer, Champagne J. de Telmont, for an undisclosed sum.

Founded in 1912, the champagne house is located in Damery, in the Marne department of France. The acquisition deal includes the company’s brands, inventory, production facilities and property assets on its estate, as well as vineyards in the Champagne region.

“We’re delighted to welcome J. de Telmont champagne into the Rémy Cointreau group family of wines and spirits,” said Eric Vallat, who was appointed Rémy Cointreau’s new CEO at the end of last year.

“This acquisition adds to the group’s portfolio a craft champagne brand that offers tremendous growth potential and shares the same values of terroir, people and time as its other houses.”

A fourth-generation member of J. de Telmont’s founding family, Bertrand Lhopital, will continue to work for the company under the new ownership to maintain family tradition.

“The arrival of Rémy Cointreau, whose commitment to terroirs and the associated expertise is well established, adds a new dimension to the quest for excellence that has been our family’s guiding light for several generations,” said Bertrand Lhopital.

The house will be chaired and managed by Ludovic du Plessis, who previously served as executive director of Rémy Cointreau’s cognac house, Louis XIII.

Ludovic du Plessis added: “Our ambition is to develop the J. de Telmont brand, particularly outside France, while protecting its master craftsmanship in champagne and stepping up the focus on organic/biodynamic agriculture at a time when only 3% of champagne vineyards are certified for organic production.”

By Antonia Garrett Peel

Source: foodbev.com

comments closed

Related News

March 2, 2024

Alt-protein, agriculture and AI: Cargill’s CTO unravels macrotrends in human and animal nutrition

Consumer Packaged Goods

The drive toward more sustainable food systems requires a multisolution approach that harnesses the power of new technologies like AI to uncover new opportunities, says Florian Schattenmann, Cargill’s CTO and VP of R&D and Innovation.

March 2, 2024

Symrise appoints Jean-Yves Parisot as CEO

Consumer Packaged Goods

Outgoing Symrise chief executive Heinz-Jürgen Bertram is retiring after 21 years with the company, handing over the CEO role to Jean-Yves Parisot. Parisot, who will officially step into the new role on 31 March, joined Symrise in 2014 and has been a member of the executive committee since 2016.

March 2, 2024

Danone to offload Russian assets in RUB 17.7bn deal – Financial Times

Consumer Packaged Goods

The report states that Danone is looking to sell its Russian business to Vamin Tatarstan, a Russian dairy company owned by businessman Mintimer Mingazov. The news comes seven months after Russian President Vladimir Putin ordered the seizure of the French company’s local operations.

How can we help you?

We're easy to reach