Rémy Cointreau lowers 2024-25 sales outlook, expects double-digit decline due to weak U.S. & China performance.
Rémy Cointreau has lowered its sales outlook for the 2024-2025 financial year, expecting a double-digit decline in organic sales due to weak performance in the U.S. and China. The company reported a 15.9% drop in sales for the first half, with the Americas experiencing a 22.8% decrease. Factors include high interest rates and economic uncertainty in the U.S., as well as tough market conditions in China. Rémy plans cost-cutting measures and aims for recovery by 2025-2026.
October 25, 2024
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