Rémy Cointreau faces sluggish growth due to US and China market challenges, leading to 19% sales decline.

Rémy Cointreau, the French cognac maker behind Rémy Martin, faces a sluggish growth outlook due to ongoing challenges in the US and China markets. Sales fell by 19% for the year ended in March as the company reduced inventory in the US, where it has been hit by inflation, intense promotions, and a return to pre-pandemic drinking habits. Rémy Cointreau anticipates a "gradual" recovery of sales and protected profitability in the coming financial year.

June 06, 2024
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