You'll no doubt recall, Bacardi, Brown-Forman and Remy Cointreau are in the process of breaking up their US distribution alliance [see WSD 01-9-2016]. Bacardi is taking its business to Southern Glazer's, while Brown-Forman and Remy Cointreau are undoubtedly evaluating their respective routes-to-market, but have yet announced any changes. Remy Cointreau cfo, Luca Marotta addressed the change this morning on the company's nine-month earnings call.