Drinks firm Rémy Cointreau has announced that it has entered into negotiations to take over Maison de Cognac JR Brillet.
The deal will see Rémy Cointreau take over the business as well as part of its vineyard estate.
Announcing the planned takeover, Rémy Cointreau said that it provides an ‘opportunity to integrate spirits with genuine development potential into its portfolio and to increase, over time, the value of an inventory of aux-de-vie and vineyards of the highest quality’.
It anticipates that the deal will be completed in the autumn of 2019, subject to competition and regulatory approval.
Maison de Cognac JR Brillet is a family-owned business founded in the 17th century.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.