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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Remy Cointreau FF (PK) | USOTC:REMYF | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.94 | 1.59% | 59.90 | 57.42 | 61.10 | 59.90 | 59.90 | 59.90 | 1,000 | 21:13:47 |
From Jan 2020 to Jan 2025
Laurent-Perrier (LPE.FR) is "watching closely" Remy Cointreau's (RCO.FR) champagne unit sale process, Etienne Auriau, Laurent-Perrier's Chief Financial Officer said Wednesday.
Even though Laurent-Perrier may not be interested for all the assets put on for sale, the company might be interested in the contracts to supply the wine producers, Auriau added.
"It is a rather important move in Champagne [region]. Like all the operators in Champagne [region], we are watching closely what is happening," the executive said on the sidelines of a press conference held to discuss the company's results for the third quarter.
Auriau didn't say whether he has asked Remy Cointreau for information on the sale.
Remy Cointreau has said it is getting out of the champagne business because its Charles Heidsieck and Piper-Heidsiek brands aren't generating profits, and the company requires the money from the disposal to invest in its cognac business.
Remy Cointreau is the world's second-largest producer of cognac behind the Hennessy brand of French luxury products group LVMH Moet Hennessy Louis Vuitton SA (MC.FR).
-By Amelie Baubeau, Dow Jones Newswires; +33 1 4017 1740; amelie.baubeau@dowjones.com
(Inti Landauro contributed to this article.)
1 Year Remy Cointreau FF (PK) Chart |
1 Month Remy Cointreau FF (PK) Chart |
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