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Remy Cointreau (OTC:REMYF) Stock, Option Chain

Remy Cointreau is the world's second-largest distiller of cognac by volume, with a 15.8% global volume share in 2022, according to Euromonitor. Cognac represented 72% of Remy's sales and 90% of EBIT in the same year. The remainder of Remy's portfolio is made up of much smaller group-owned brands, including Cointreau orange liqueur, Metaxa Greek spirit, Mount Gay rum, Bruichladdich single malt scotch, The Botanist gin, Hautes Glaces French whiskey, and Westland American whiskey. The company also distributes third-party brands and, in 2023, entered the fragrance business. Remy is controlled by the Andromede family, which owns 41% equity interest and consolidates the business in the Andromede Group. The Cointreau family owns a further 27%, and 41% of the equity is free float.

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In July, the French alcohol maker Remy Cointreau (OTC: REMYF) sued Canopy Growth Corporation (NYSE: CGC) (TSX: WEED) for alleged trademark infringement over its CBD-infused sparkling water brand dubbed Quatreau.

Canopy Growth Denies Cointreau&#39;s Accusations In Trademark Battle Over Quatreau Brand Name

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A Nation Of Shrinking Drinkers: Who Wins And Who Loses As Booze Sectors Contract

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Remy Cointreau Net Profit Drops 20%

REMY COINTREAU SA ORD by Remy Cointreau SA

Remy Cointreau

In July, the French alcohol maker Remy Cointreau (OTC: <a class="ticker" href="https://www.benzinga.com/stock/remyf#OTC">REMYF</a>)&nbsp;sued Canopy Growth Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cgc#NYSE">CGC</a>) (TSX: WEED) for alleged trademark infringement over its CBD-infused sparkling water brand dubbed Quatreau.
At the time, Cointreau (pronounced KWAN&#39;troh) accused Canopy of using Quatreau, (KWA&#39;troh)&nbsp;to &quot;trade-off the market dominance and fame of the Cointreau mark,&quot; arguing that &#39;only the &quot;n&quot; sound&#39; differentiated&nbsp;the two brands, Spirits Business reported.
Canopy Growth and its U.S. subsidiary denied fully or partially&nbsp;112 of the 115 claims Cointreau and its U.S. subsidiary made in the&nbsp;complaint and jury demand, the&nbsp;Canadian Press reported Tuesday.
<h3>Litigation Details</h3>
Cointreau accused Canopy of using Quatreau, &quot;in order to unfairly capitalize on the goodwill and reputation of the Cointreau mark,&quot; adding that &quot;(The) defendants&#39; wilful actions will not only confuse consumers as to their affiliation with plaintiffs and the Cointreau brand but will blur the exclusive association plaintiff enjoys between Cointreau and a single source of orange liqueurs.&quot;
The Smiths Falls, Ontario&nbsp;cannabis giant said in a New York court filing made on Sept. 21 that its Quatreau brand has &quot;not infringed any applicable trademarks under federal or state law,&quot; and is not &quot;confusingly similar to&quot; Cointreau&#39;s trademarks and name and has not diluted it.
Cointreau sought a permanent injunction to prevent Canopy from infringing on its trademarks and using any word, term, name, symbol&nbsp;or device on any product, which is likely to cause confusion.
The orange liqueur brand also asked for profits that Canopy has made on products with the allegedly infringing trademarks, including court costs&nbsp;and attorneys&#39; fees.&nbsp;Canopy responded that&nbsp;Cointreau is &quot;not entitled to punitive or exemplary damages under any federal or state law at issue.&quot;
Quatreau&nbsp;<a href="https://www.benzinga.com/markets/cannabis/21/03/19937052/canopy-growth-launches-quatreau-cbd-sparkling-water-in-u-s">debuted</a> in the U.S. in March, months after its launch in Canada. Shortly after the Canadian cannabis producer <a href="https://www.benzinga.com/markets/cannabis/21/04/20726748/canopy-growth-partners-with-southern-glazers-wine-spirits-to-distribute-quatreau-cbd-drinks-in-u">partnered</a> with Southern Glazer&#39;s Wine &amp; Spirits to distribute its CBD-infused beverages in the U.S.
<h3>Another Cannabis Beverage Partnership</h3>
On Monday, Canopy <a href="https://www.benzinga.com/markets/cannabis/21/10/23205000/breaking-canopy-growth-provides-cbd-for-new-product-out-of-constellation-brands-portfolio">revealed</a> yet another cannabis beverage partnership.
The collaboration with Karma Water, a company with a portfolio of wellness and probiotic water beverages, will soon launch&nbsp;a new brand of CBD beverages dubbed Karma CBD Water. 
In addition, both Karma and Canopy Growth are strategic partners of Constellation Brands (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stz#NYSE">STZ</a>), which currently holds a 38.6% stake in Canopy.
<h3>Price Action</h3>
Canopy Growth&#39;s shares traded 1.57% lower at $13.19 per share during the pre-market session on Wednesday morning.
Photo: Courtey of <a href="https://unsplash.com/@tingeyinjurylawfirm?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Tingey Injury Law Firm</a> on <a href="https://unsplash.com/s/photos/law?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>

Canopy Growth Denies Cointreau's Accusations In Trademark Battle Over Quatreau Brand Name

Generation Z is growing up with an aversion to alcohol, in part because its members don&rsquo;t want to look wasted when they take selfies with their fancy smartphones.
Millennials? They&rsquo;re starting families, furthering careers and acting more responsibly, which makes their trademark binge drinking less desirable.
Then there&rsquo;s <a href="https://www.youtube.com/watch?v=iSAbdmpNmK4">Generation X</a>, the supposedly nihilistic blank generation. They&rsquo;ll take on the drinking habits of their parents, the Baby Boomers, as they age.
And those Boomers? They&rsquo;re declining in numbers because, well, they&rsquo;re old.
All this is bad news for the alcoholic beverage industry, according to an exhaustive new report by Berenberg analysts that breaks down the demographic drivers that will continue to flatten the booze business in general and wallop Big Beer in particular.
&ldquo;The Baby Boomer generation gave way to the Generation X ravers, who then gave way to the binge-drinking millennials,&rdquo; says the 68-page beverage analysis by Javier Gonzalez Lastra and Matt Reid.
&ldquo;Each generation brought a fresh market of thirsty consumers from which alcoholic beverage companies could recruit. With the arrival of Generation Z unlikely to bring similar opportunities, companies may be forced to look for growth in the existing consumer market. Unfortunately, the data suggests that the older generations are unlikely to provide the required growth.&rdquo;
<h3>
	Generation Z: You&rsquo;re So Vain</h3>
Generation Z, who are entering the workforce as we speak, are considered by the authors to be people born on or after 1996, which would make the first batch of them 21 years old. Some takeaways from the report:
<ul>
<li>
		Generation Z does not think alcohol is &ldquo;cool.&rdquo; The smartphone generation does not want to appear drunk on camera, and being hungover carries a stigma.</li>
<li>
		Members of Generation Z are drinking at least 20 percent less than their counterparts in the millennial generation.</li>
<li>
		Members of Generation Z will drink at least 10 percent less per capita than millennials did between the ages of 18 and 49.</li>
<li>
		Of those who do take a drink, Generation Z is the first generation to prefer spirits over wine or beer.</li>
</ul>
Related Link: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/17/09/10042806/one-secret-behind-the-whole-foods-deal-amazon-wants-to-">One Secret Behind Whole Foods Deal: Amazon Wants To Sell You All The Alcohol</a>
<h3>
	Millennials Are Slowing Down</h3>
Millennials drank more than Generation X. Yet millennials are now becoming more health-conscious as they age and are actively limiting alcohol consumption, the authors say, citing a raft of studies.
Some takeaways:
<ul>
<li>
		Between the ages of 35 and 49, millennials will begin to drink slightly less than their counterparts in Generation X.</li>
<li>
		Millennials between the ages of 50 and 64 will drink more than Generation X did at the same age.</li>
<li>
		Millennial beer drinkers are more likely to drink craft beer than any other generation.</li>
</ul>
<h3>
	Generation X: The New Boomers?</h3>
Generation X tend&nbsp;to drink more per capita than the members of the Silent and Baby Boomer generations they replace in the 65-plus age category.
Beer was the favored drink of 72 percent of Generation X when it was 18&ndash;29 years old. They drank far less wine than millennials do now.
<h3>
	What Does This Mean For The Markets?</h3>
Alcohol consumption averaged 164 drinks per capita in 1995, reached a peak of 183 in 2015 and is stagnating at a rate that the authors project will reach 165 by 2040.
Beer is bearing the brunt.
&ldquo;What is very clear is that the beer market will continue to decline as it faces severe generation headwinds, while spirits and wine volumes will continue to grow, although far more slowly,&rdquo; the authors said.
Rating The Publicly Traded Companies:
Brewers
<ul>
<li>
		Anheuser Busch Inbev NV (ADR) (NYSE: <a class="ticker" href="/stock/bud#NYSE">BUD</a>): Buy.</li>
</ul>
Price Target: 116 euros.
<ul>
</ul>
<ul>
<li>
		Molson Coors Brewing Co (NYSE: <a class="ticker" href="/stock/tap#NYSE">TAP</a>): Sell.</li>
</ul>
<ul>
	Price Target: $78.
</ul>
<ul>
<li>
		Boston Beer Company Inc (NYSE: <a class="ticker" href="/stock/sam#NYSE">SAM</a>): Sell.</li>
</ul>
Price Target: $124.
<ul>
</ul>
<ul>
<li>
		Heineken N.V. (ADR) (OTC: <a class="ticker" href="/stock/hinky#OTC">HINKY</a>): Hold.</li>
</ul>
<ul>
	Price Target: 82.30 euros.
</ul>
<ul>
<li>
		Carlsberg A/S (ADR) (OTC: <a class="ticker" href="/stock/cabgy#OTC">CABGY</a>): Hold.</li>
</ul>
<ul>
	Price Target: 652 krones.
</ul>
Distillers
<ul>
<li>
		Brown-Forman Corporation (NYSE: BF.B): Hold.</li>
</ul>
<ul>
	Price Target: $46.00.
</ul>
<ul>
<li>
		Davide Campari Milano SpA (ADR) (OTC: <a class="ticker" href="/stock/dvdcy#OTC">DVDCY</a>): Buy.</li>
</ul>
<ul>
	Price Target: 7.40 euros.
</ul>
<ul>
<li>
		Diageo plc (ADR) (NYSE: <a class="ticker" href="/stock/deo#NYSE">DEO</a>): Hold.</li>
</ul>
<ul>
	Price Target: 25.50 pounds.
</ul>
<ul>
<li>
		PERNOD RICARD EUR1.55 (OTC: <a class="ticker" href="/stock/pdrdf#OTC">PDRDF</a>): Hold.</li>
</ul>
<ul>
	Price Target: 98 euros.
</ul>
<ul>
<li>
		REMY COINTREAU EUR1.60 (OTC: <a class="ticker" href="/stock/remyf#OTC">REMYF</a>): Hold.</li>
</ul>
<ul>
	Price Target: 99 euros.
</ul>
The authors relied on U.S. Census data, industry sources and the National Survey on Drug Use and Health.
Related Link: <a href="https://www.benzinga.com/general/entrepreneurship/17/03/9189213/the-story-of-bells-brewery-larry-bell-grows-from-stoner-beer-">The Story Behind Bell&rsquo;s Brewery: The Stoner Beer Baron To Craft Beer Icon</a>

Remy Cointreau SA (OTC: <a class="ticker" href="/stock/remyf#OTC">REMYF</a>) reported a 20% fall in its profit for the first six months of the year. 

Remy Cointreau's net profit for the period declined to 69.3 million euros ($93.7 million), versus a year-ago profit of EUR86.6 million.

Its operating profit dropped 6.2% to EUR132.7 million versus EUR141.5 million.

Rémy Cointreau SA (OTC: <a class="ticker" href="/stock/remyf#OTC">REMYF</a>) reported a surge in its profit for the year ended March 31.

Rémy's group share of net profit jumped 57.2% to 110.8 million euros, from 70.5 million euros, in the year-ago period. Its net profit, excluding certain items, came in at 123.9 million.

Its turnover climbed 13% to 1.03 billion euros.

Rémy Cointreau Posts Surge In Full-Year Profit

Remy Cointreau SA (OTC: <a class="ticker" href="/stock/remyf#OTC">REMYF</a>) reported an 18.2% rise in its revenue in the first nine months of its financial year. 

Remy Cointreau's revenue climbed to EUR821 million, versus EUR694.7 million. 

Remy Cointreau's Q3 organic revenue surged 30.5% to EUR346.1 million.

Remy Cointreau Posts 18.2% Rise In Revenue

Analysts at Remy Cointreau initiate coverage of Remy Cointreau (OTC: REMYF) with a “hold” rating.

<a href="http://www.benzinga.com/analyst-ratings">More Analyst Ratings here</a>

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