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.
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.
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