Rémy Cointreau to buy Maison de Cognac JR Brillet
French drinks group Rémy Cointreau has entered into “exclusive negotiations” with the Brillet family to acquire Maison de Cognac JR Brillet.
The deal – financial terms of which have not been disclosed – would also include part of the Brillet family’s vineyard estate.
According to Rémy Cointreau, Maison JR Brillet has a vineyard estate and a stock of eaux-de-vie that allows it to produce high-end products.
Located in the village of Graves-Saint-Armant, Maison JR Brillet’s family history dates back to the 17th century.
The acquisition provides Rémy Cointreau with the chance to “integrate spirits with genuine development potential into its portfolio”. It will also allow the French firm to increase its inventory of eaux-de-vie and vineyards “of the highest quality”.
The signing of the deal, which is subject to administrative procedures, is expected to take place in autumn 2019.
Last month, Rémy Cointreau posted full-year sales growth of 7.8% in 2018/19, driven by a double-digit gain for its Cognac portfolio.