Latest news with #FranckMarilly
Yahoo
5 days ago
- Business
- Yahoo
Rémy Cointreau appoints new CEO
French spirits group Rémy Cointreau has appointed Franck Marilly as its new CEO. Marilly, whose appointment is effective 25 June, will succeed Éric Vallat, who stepped down last month to pursue 'a new professional project'. The newly appointed CEO brings over three decades of experience from FMCG companies including Unilever, Chanel and the Japanese group Shiseido. Marie-Amélie de Leusse, chairwoman of the board of directors of Rémy Cointreau said: 'We are convinced that he [Marilly] will bring a new dynamic and will be able to confidently address the new challenges of the group's growth in a complex macroeconomic and geopolitical context.' At Shiseido, which he joined in 2018, Marilly was the president and CEO of the EMEA region and the global fragrance division. Prior to joining the Japanese company, he spent nearly 17 years at Chanel, where held the title of chief executive of the EMEA region for the group's fragrance and beauty unit, and held multiple executive positions at multiple international subsidiaries. Before his time at Chanel, Marilly was president of the fragrance division for Unilever in France and held general management positions in various international subsidiaries. According to the Bruichladdich Scotch whisky owner, Marilly will bring "solid experience in international management, which is crucial for the global success of the group, as well as his deep knowledge of its key markets'. In February, Marilly was appointed Foreign Trade Advisor of France by a decree signed by the Prime Minister. Commenting on his appointment, Marilly said: 'Rémy Cointreau is today recognised for its unique centures-old heritage and its portfolio of exceptional brands. I will levearge my experience to pursue its value strategy and support the teams in a dynamic of sustainable performance. "Together, we will continue to accelerate the Group's development, capitalising in particular on the excellence of its know-how and its capacity for innovation, while meeting the expectations of a constantly evolving sector.' In its most recent financial update, Rémy Cointreau reported an 18% drop in annual sales on an organic basis, totalling €984.6m ($1.12bn). It is in line with the Rémy Martin Cognac manufacturer's prediction in January forecast that its sales would land 'at the lower end of the guidance range (close to 18%)'. Rémy Cointreau will announce its complete yearly results in June, having confirmed on 30 April its 2024-25 'current operating margin' goal of 21% to 22% on an organic basis. The group's Cognac division, which accounts for most of its revenue, experienced a 32.8% sales decline on an organic basis in the fourth quarter that ended in March, affected by an industry-wide halt on sales via China's duty-free channel. In the Americas, Rémy Cointreau's Cognac sales 'rebounded sharply', especially in the US, according to the company. "Rémy Cointreau appoints new CEO " was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
5 days ago
- Business
- Reuters
Who is Remy Cointreau's new CEO, Franck Marilly?
May 28 (Reuters) - French wines and spirits company Remy Cointreau ( opens new tab announced on Wednesday that Franck Marilly will replace CEO Eric Vallat who resigned earlier this year. Marilly will take up his new role on June 25, after a transition period working with Vallat. Marilly, 59, is from France and has more than 30 years of experience working in luxury and cosmetics groups. He is a graduate of the EDC Paris Business School. Having lived and worked internationally, he said in a press release he has a deep attachment to the land in south-west France, where he is from and where the Cognac region is located. Marilly started his career in the luxury industry as a general manager for a division of the fragrance group Chanel in 1991. He worked for consumer goods giant Unilever between 1994 and 2001, first as managing director of the cosmetics export division then managing cosmetics for Spain and Portugal followed by France and Belgium. Marilly came back to Chanel to be managing director of the Italian and then French market before being promoted to senior vice president of U.S. fashion. In 2010, he returned to Europe to become the continent's managing director for Chanel's fragrance and beauty until 2017. Before joining Remy Cointreau, he was working for Japan's Shiseido as President and CEO and Chairman of the EMEA and global fragrance division. In February, he was also appointed as Foreign Trade Adviser of France. Marilly will have to lead the French cognac maker through a period of sales decline and tariff threats in its key U.S. and Chinese markets. "We are convinced that he will bring a new dynamic and will be able to confidently address the new challenges of the Group's growth in a complex macroeconomic and geopolitical context," Chairwoman of the Board of Directors Marie-Amélie de Leusse said in a press release. Remy makes some 70% of its sales from cognac, mostly in the U.S. and China, but right now, drinkers in those nations are not buying the brandy and sales have fallen.
Yahoo
5 days ago
- Business
- Yahoo
Factbox-Who is Remy Cointreau's new CEO, Franck Marilly?
(Reuters) -French wines and spirits company Remy Cointreau announced on Wednesday that Franck Marilly will replace CEO Eric Vallat who resigned earlier this year. Marilly will take up his new role on June 25, after a transition period working with Vallat. WHO IS HE? Marilly, 59, is from France and has more than 30 years of experience working in luxury and cosmetics groups. He is a graduate of the EDC Paris Business School. Having lived and worked internationally, he said in a press release he has a deep attachment to the land in south-west France, where he is from and where the Cognac region is located. CAREER Marilly started his career in the luxury industry as a general manager for a division of the fragrance group Chanel in 1991. He worked for consumer goods giant Unilever between 1994 and 2001, first as managing director of the cosmetics export division then managing cosmetics for Spain and Portugal followed by France and Belgium. Marilly came back to Chanel to be managing director of the Italian and then French market before being promoted to senior vice president of U.S. fashion. In 2010, he returned to Europe to become the continent's managing director for Chanel's fragrance and beauty until 2017. Before joining Remy Cointreau, he was working for Japan's Shiseido as President and CEO and Chairman of the EMEA and global fragrance division. In February, he was also appointed as Foreign Trade Adviser of France. WHAT'S THE PLAN? Marilly will have to lead the French cognac maker through a period of sales decline and tariff threats in its key U.S. and Chinese markets. "We are convinced that he will bring a new dynamic and will be able to confidently address the new challenges of the Group's growth in a complex macroeconomic and geopolitical context," Chairwoman of the Board of Directors Marie-Amélie de Leusse said in a press release. Remy makes some 70% of its sales from cognac, mostly in the U.S. and China, but right now, drinkers in those nations are not buying the brandy and sales have fallen.
Yahoo
5 days ago
- Business
- Yahoo
Rémy Cointreau Announce Franck Marilly Arrival as Chief Executive Officer of the Group
PARIS, May 28, 2025--(BUSINESS WIRE)--Regulatory News: Rémy Cointreau (Paris:RCO): The Board of Directors is pleased to announce the arrival of Franck Marilly as the Group's Chief Executive Officer. He will take office on June 25, 2025, succeeding Éric Vallat. With a rich professional background of more than 30 years within renowned luxury and cosmetics groups, such as Chanel, Unilever and the Japanese group Shiseido, Franck Marilly has successfully navigated high-stakes environments, establishing himself as a strategist with leadership based on the ability to unite and transform. His actions have marked crucial stages of the groups for which he was working. Franck Marilly will also bring his solid experience in international management, which is crucial for the global success of the Group, as well as his deep knowledge of its key markets, having lived in numerous European countries as well as in the United States. Under his leadership, the Group will pursue its value strategy as well as the development and implementation of new innovations in order to strengthen the desirability of its brand portfolio, while consolidating its position in its key markets and opening up to new territories. Éric Vallat will work alongside Franck Marilly to ensure a harmonious transition, allowing him to fully assume his responsibilities. Marie-Amélie de Leusse, Chairwoman of the Board of Directors, declares: "We are delighted to welcome Franck Marilly. His in-depth knowledge of international environments, his successful track record, and his inspiring leadership will be key assets that will enable him to meet the challenges ahead. Recognized for his people-oriented management and corporate culture, Franck Marilly will be committed to valuing the diversity of our employees and their potential, while guiding them towards collective are convinced that he will bring a new dynamic and will be able to confidently address the new challenges of the Group's growth in a complex macroeconomic and geopolitical context. On behalf of the Board of Directors, we welcome him and wish him success in this new mission. We would also like to thank Éric Vallat for his commitment to this transition to ensure continuity and the success of our organizations". Franck Marilly, future CEO declares: "I am delighted to join the Rémy Cointreau Group, whose values resonate closely with my own. Originally from the south-west of France, I have a deep attachment to the land and the values of authenticity.Rémy Cointreau is today recognized for its unique centuries-old heritage and its portfolio of exceptional brands. I will leverage my experience to pursue its value strategy and support the teams in a dynamic of sustainable performance. Together, we will continue to accelerate the Group's development, capitalizing in particular on the excellence of its know-how and its capacity for innovation, while meeting the expectations of a constantly evolving sector". Biographical information:Franck Marilly previously held the positions of President and CEO of the EMEA region and the global fragrance division at the Shiseido Group, a group he joined in 2018 and where he played a key role in the growth of its brands. Before joining the Japanese group, he spent 17 years at Chanel, where he notably served as CEO of the EMEA region for the fragrance and beauty division, but also held CEO positions for various subsidiaries abroad. Before joining Chanel, Franck Marilly held, among other positions, responsibilities as president of the fragrance division for Unilever in France, but also held general management positions in various subsidiaries abroad. Franck Marilly, 59, is a graduate of EDC Paris Business School. He has also been a director of the Fédération des Entreprises de la Beauté since 2011 and a director of the Franco-Japanese Exchange Committee since 2018. Franck Marilly was appointed Foreign Trade Advisor of France in February 2025, by decree signed by the Prime Minister. About Rémy CointreauAll around the world, there are clients seeking exceptional experiences; clients for whom a wide range of terroirs means a variety of flavors. Their exacting standards are proportional to our expertise – the finely-honed skills that we pass down from generation to generation. The time these clients devote to drinking our products is a tribute to all those who have worked to develop them. It is for these men and women that Rémy Cointreau, a family-owned French Group, protects its terroirs, cultivates exceptional multi-centenary spirits and undertakes to preserve their eternal modernity. The Group's portfolio includes 14 singular brands, such as the Rémy Martin and LOUIS XIII cognacs, and Cointreau liqueur. Rémy Cointreau has a single ambition: becoming the world leader in exceptional spirits. To this end, it relies on the commitment and creativity of its 1,943 employees and on its distribution subsidiaries established in the Group's strategic markets. Rémy Cointreau is listed on Euronext Paris. View source version on Contacts Investor Relations : Célia d'Everlange / investor-relations@ Media Relations : Mélissa Lévine / press@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
5 days ago
- Business
- Bloomberg
Remy Cointreau Names Marilly as New CEO After Vallat Resignation
Remy Cointreau SA appointed Franck Marilly to replace outgoing Chief Executive Officer Eric Vallat, after the latter said in April that he would step down. Marilly will start on June 25, the Paris-listed group said in a statement Wednesday.
