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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.
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Rémy Cointreau se enfrenta a un crecimiento lento debido a los desafíos de los mercados de EE. UU. y China, lo que ha provocado una caída de las ventas del 19 %.