Remy Cointreau is called Marilly as General Manager after Vallat

[ad_1]

Remy Cointreau SA, former CEO Eric Vallat, former Chanel Executive Director Marilly appointed to replace Eric Vallat.

Marilly, who will start on June 25, is joined in a critical strive for the group listed in Paris, which faces tariff concerns in two of the main markets. Vallat said that last month will refuse this summer.

Remy’s shares, which are more than 45% in the next year, slipped in early trade in Paris.

Remy and his opponent Congo manufacturers put pressure on an antidational investigation in China, which introduced a temporary task to the imports of the French brand. The task is stopped for free channels, and the latest results are required by a decrease in cognac sale.

The company was also concerned about the potential import tariffs in the United States.

“Timely” destination is expected to be welcomed by investors, Morgan Stanley Analyst Rashad Kawan, since February, the French government has been “potential trenches” as trading advisor.

Marilly, which previously worked on Unilever PLC, this month Japanese cosmetics producer Shiseido Co. He joins Remy as 50 million euros ($ 56.5 million) plan.

This story was first displayed Fortune.com

[ad_2]

Source link