French spirits producer Rémy Cointreau has announced its value sales shrank 5.9% in the first half of 2015, which it blames on distribution changes in its key markets.
David Webster joined Watson’s Wine in 1971 and was at the forefront of introducing wine to the city when everyone was still drinking Cognac and wearing flares.
A woman was prevented from boarding a plane by airport security in Beijing because she was too drunk having downed an entire bottle of Cognac.
While Cognac exports have risen rapidly in Europe and North America in the three months to the end of July, the unsteadiness of the Asian market remains.
While somewhat steadying the sinking ship that was brought on by an over-reliance on the Asian market, global brandy and Cognac brands still have plenty to improve upon.
French spirits producer Rémy Cointreau has said it is open to acquiring new brands in an effort to further premiumise its portfolio.
Rémy Cointreau’s liqueurs and spirits division was the force behind the company’s modest sales growth in the year to March, especially its Bruichladdich Scotch whisky brand.
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.
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