News Briefs for July 9, 2019
July 9, 2019•In case you missed this morning’s news alert, Valerie Chapoulaud-Floquet will step down as CEO of Rémy Cointreau at the end of the year after a five-year run leading the French luxury spirits group. Rémy is now on the hunt for her successor. Here’s the full story.
•The next release in Diageo’s Johnnie Walker Ghost and Rare collection is set to hit shelves around the world in October. The whisky is a blend from three of Diageo’s shuttered distilleries—primarily Glenury Royal but also including spirits from Cambus and Pittyvaich—along with whiskies from Glen Elgin, Inchgower, Glenlossie, Cameronbridge, and Glenkinchie. Johnnie Walker Ghost and Rare Glenury Royal is bottled at 43.8% abv and will retail for £275 (around $345). Last year, Johnnie Walker depleted 1.83 million cases in the U.S., up 2.2%, according to Impact Databank.
•Rudy Costello, president and CEO of Stoli Group USA, has been named acting global CEO of Stoli Group amid a series of changes to the company’s executive lineup. Stoli has brought in Matthias Knoll to serve as its new senior vice president of international distribution. Knoll most recently was vice president of international sales for Patrón and will be responsible for Stoli’s commercial operations outside the U.S. and Canada. Namita Malik, a recent Stoli hire previously of Diageo, has been promoted to global CFO and will oversee the company’s financials while leading finance teams in the U.S., Luxembourg, and Cyprus. Both Knoll and Malik will report to Costello. Former Stoli Group CEO Hugues Pietrini departed in April.
•Napa, California-based Old Bridge Cellars has added Provençal estate Coeur Clémentine to its import portfolio. Effective August 1, Old Bridge will bring the winery’s flagship Coeur Clémentine Rosé ($18 a 750-ml.) and La Pétillante Brut Rosé ($20) stateside, with nationwide distribution rolling out over the course of a year. Coeur Clémentine marks the first Provence-based winery in the Old Bridge portfolio, which also includes the Champagne Collet, Maison L’Envoye, and Clos Cantenac brands from France.
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