Remy Cointreau

Remy Cointreau Flags Steeper-Than-Expected Sales Fall

Remy Cointreau told investors to lower their annual sales expectations for the third time in four months on Wednesday.

Remy Cointreau braced investors on Thursday for a bigger than expected fall in annual sales, citing weakness in its key US market.

French cognac maker Hennessy has suspended a plan to bottle its brandy in China to avoid tariffs, staff briefed by management have said.

Diageo just missed full-year profit forecasts and warned challenges could persist into next year as sales sank in Latin America.

Investors for Remy Cointreau have said that it needs to diversify as its reliance on cognac leaves it badly hit by a global spirits downturn.

French spirits sales and exports have dropped sharply this year as consumers continued to cut back on spending in the face of cost of living.

Rémy Cointreau's CEO recently said that he aimed to end the year with a "sound" level of stock in the United States but it was unclea...

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