Trouble Afoot at Remy Martin?

There have been significant changes at Remy Martin over the past month.  First, it was announced that their Cellar Master, of 10 years, is to be replaced in the spring and then, last week, their newly appointed CEO resigned after only 3 months in post.  Although his resignation came as a surprise, it coincided with some poor company results.  Stock levels have dropped by 23% since he took over in October and operating profit is expected to be down by 20% at the end of the fiscal year.  These personality changes suggest that all is not well at Remy. It would seem that the Board is on a quest for a more profit driven approach, no doubt at the expense of quality.  We have seen similar changes at family rivals, Frapin, in recent times.  A drive to expand saw their extremely talented Cellar Master, Olivier Paultes, move on and the running of the company being passed down a generation.  Their cognac may never be quite the same again.