Rémy Cointreau has reported a modest return to growth as a strong end to its year and an “excellent performance” from the Americas saw the drinks group post an organic sales uplift of 0.6% for 2014/15.
Bottled wine imports into China declined last year, marking the first negative growth in the modern history of vinous shipments into the country.
Rémy Cointreau’s net sales declined 15.5% in the first six months of 2014, a drop blamed on “evolving consumption patterns” and de-stocking in China.
Rémy Cointreau has stood by its prediction of a return to growth this year as the drinks group reported a -5.6% organic sales decline in its first half results.
Spink’s sale in Singapore last week saw a decanter of the latest limited edition Louis XIII realise S$20,704.
Cognac’s annual “La Part Des Anges” charity auction, which features rare, highly collectible expressions, will open to online bidders for the first time this year.
Rémy Cointreau has expressed confidence in its ability to return to growth this year, despite reporting a 5.7% organic decline for its first quarter.
Rémy Martin has used the official handover from cellar master Pierrette Trichet to her successor Baptiste Loiseau to preview a high end Cognac that is due to launch in the UK next month.
Rémy Martin’s new cellar master Baptiste Loiseau has explained how his background in winemaking helped to propel him into one of the top jobs in Cognac.
Rémy Cointreau has predicted a return to growth next year, despite seeing net profits slide by 46.9% and sales fall by 13.5% in its final 2013/14 results.
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