The boss of troubled spirits giant Remy Cointreau has quit as it grapples with tariffs and a tumbling share price.
After leading the cognac maker for five years, Eric Vallat said he would leave the French group for another project this summer.
A hunt for Vallat’s replacement has been kick-started with chairman Marie-Amelie de Leusse in charge until they are found, the group confirmed.
Shares have dropped 14pc in the past month due to Donald Trump’s threats of a 20pc blanket tariff on imports from the European Union.
The company – which teamed up with The White Lotus actress Aubrey Plaza to promote one of its brands – has struggled after brandy was also embroiled in a trade war between China and the EU last year.
China whacked higher duties on to brandy and whisky after the EU introduced higher levies on Chinese electric vehicles last year. French shipments of cognac to China plummeted by almost a quarter in 2024 compared to the year before.
Shares slump: Remy Cointreau teamed up with The White Lotus actress Aubrey Plaza (pictured) to promote one of its brands
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and investment ideas
interactive investor
interactive investor
Flat-fee investing from £4.99 per month
InvestEngine
InvestEngine
Account and trading fee-free ETF investing
Trading 212
Trading 212
Free share dealing and no account fee
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
Compare the best investing account for you
This website, you can access a wide selection of slot machines from leading developers.
Visitors can experience classic slots as well as feature-packed games with high-quality visuals and bonus rounds.
If you’re just starting out or an experienced player, there’s something for everyone.
play aviator
Each title are ready to play round the clock and designed for desktop computers and smartphones alike.
All games run in your browser, so you can get started without hassle.
Platform layout is easy to use, making it convenient to browse the collection.
Sign up today, and enjoy the excitement of spinning reels!
Here, you can discover an extensive selection internet-based casino sites.
Interested in classic games new slot machines, you’ll find an option for every player.
All featured casinos checked thoroughly for trustworthiness, allowing users to gamble securely.
free spins
Additionally, this resource offers exclusive bonuses plus incentives to welcome beginners and loyal customers.
With easy navigation, finding your favorite casino is quick and effortless, enhancing your experience.
Be in the know regarding new entries by visiting frequently, as fresh options are added regularly.