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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Compagnie Financière Richemont    CFR   CH0210483332

COMPAGNIE FINANCIÈRE RICHEMONT

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Remy Cointreau picks Richemont's Vallat as new CEO

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09/11/2019 | 12:30pm EDT
The logo of Remy Cointreau SA is pictured in the Cointreau distillery in Saint-Barthelemy-d'Anjou near Angers

PARIS (Reuters) - French spirits group Remy Cointreau said on Wednesday it had picked Richemont's Eric Vallat as its new chief executive officer.

Vallat, who used to work at the French cognac maker, will replace on Dec.1 Chief Executive Valerie Chapoulaud-Floquet, confirming a Bloomberg report.

She had said in early July that she will step down by the end of 2019 for personal reasons.

"We are convinced that his expertise and charisma will enable him to pursue, develop and spearhead the value strategy that will lead Remy Cointreau on to further successes and help the group achieve its ambition of becoming the leader in exceptional spirits," Marc Hériard-Dubreuil, Remy Cointreau’s Chairman, said in a statement.

Remy Cointreau's share price has more than doubled since Chapoulaud-Floquet, a luxury sector specialist, took over in September 2014 with a strategy focused on selling spirits priced at $50 or more a bottle.

Richemont said earlier this week that Vallat would leave the owner of the Cartier and Montblanc brands in October after little more than a year as chief of fashion and accessories..

Vallat began his career in investment banking before joining luxury brand Louis Vuitton. He headed Remy Martin's cognac division from 2014 until he left for Richemont in 2018.

(Reporting by Dominique Vidalon; Editing by Leigh Thomas)

By Dominique Vidalon

Stocks mentioned in the article
ChangeLast1st jan.
COMPAGNIE FINANCIÈRE RICHEMONT 1.38% 75.14 Delayed Quote.17.62%
LVMH MOËT HENNESSY VUITTON SE 1.29% 369 Real-time Quote.41.25%
RÉMY COINTREAU 0.31% 127.8 Real-time Quote.28.65%
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Financials (EUR)
Sales 2020 15 160 M
EBIT 2020 2 288 M
Net income 2020 1 721 M
Finance 2020 3 099 M
Yield 2020 2,90%
P/E ratio 2020 22,0x
P/E ratio 2021 19,5x
EV / Sales2020 2,30x
EV / Sales2021 2,14x
Capitalization 38 041 M
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Technical analysis trends COMPAGNIE FINANCIÈRE RICHE
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TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 27
Average target price 76,29  €
Last Close Price 67,35  €
Spread / Highest target 34,4%
Spread / Average Target 13,3%
Spread / Lowest Target -12,1%
EPS Revisions
Managers
NameTitle
Jérôme Lambert Group Chief Executive Officer, COO & Director
Johann Peter Rupert Executive Chairman
Burkhart Grund Chief Financial Officer & Director
Alan Grant Quasha Non-Executive Director
Jan Rupert Non-Executive Director
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