Rémy Cointreau launches Prestige division to lead Louis XIII Cognac and Champagne Telmont
Rémy Cointreau has created a new Prestige division led by Ludovic du Plessis to strengthen global development and brand visibility for its luxury brands.
FRANCE – Rémy Cointreau has announced the launch of a new “Prestige” business unit that will oversee several of its luxury brands as part of efforts to strengthen its presence in the high-end spirits segment.
The French spirits group said the new division will bring together a select group of brands, including Louis XIII Cognac and Champagne Telmont, along with the company’s perfume house Maison Psyché.
To lead the new business unit, Rémy Cointreau has appointed Ludovic du Plessis, who will be responsible for overseeing the global development and brand visibility of the group’s most exclusive luxury houses.
According to the company, du Plessis will focus on expanding the reach and recognition of these brands while strengthening their position in the global luxury market.
“Du Plessis will oversee the global development and brand awareness of our most exceptional luxury Maisons,” the company said in a statement announcing the new division.
Du Plessis joined Rémy Cointreau 14 years ago as executive director of Louis XIII Cognac. Since 2020, he has served as president of Champagne Telmont.
Following his appointment to lead the Prestige division, du Plessis will also join the company’s executive team.
Franck Marilly, chief executive officer of Rémy Cointreau, said the new division will play a central role in the company’s strategy to strengthen its luxury positioning.
“This division has to be at the forefront of luxury trends and aims to drive new business opportunities, with boldness and the highest standards of luxury knowledge,” Marilly said.
The announcement comes as Rémy Cointreau continues to focus on improving sales performance and strengthening its brand portfolio.
Earlier this year, the company reported organic sales growth of 2.8% during its fiscal third quarter, which ended in December. Organic sales reached €261.1 million (US$311.2 million) on a constant-currency basis.
However, on a reported basis, sales declined 3.3% to €245.8 million (US$293 million) due to exchange-rate fluctuations.
During the quarter, the company’s cognac business—its largest revenue contributor—recorded reported sales of €150.2 million (US$179 million), representing a 3.5% decline.
Over the first nine months of the financial year, the group reported total sales of €735.4 million (US$877 million), down 6.6% compared with the previous year.
On a constant-currency basis, sales reached €772.4 million (US$921 million), translating into an organic decline of 1.9%.
For the full financial year, the company expects organic sales to range from flat growth to low single-digit growth.
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