French spirits group Rémy Cointreau has made an excellent start to the fiscal year, benefiting from the reopening of cafés and restaurants.
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Rémy Cointreau ended the fiscal year thanks to slightly higher than expected sales, thanks to a strong second half of the year. The French spirits group is now expecting a 10 per cent increase in operating profit.
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Valérie Chapoulaud-Floquet, the CEO of French liquor group Rémy Cointreau, will be leaving her position at the end of the year, as the group announced "with sadness".
French liquor group Rémy Cointreau had an excellent third quarter. Its more expensive bottles of cognac were very popular, especially in China, Japan and Singapore.
French liquor group Rémy Cointreau has had an excellent fiscal year, thanks to its Rémy Martin cognac and its increased popularity in the United States and China.
Liquor manufacturer Rémy Cointreau’s turnover grew 4.2 % to 1.09 billion euro in its latest fiscal year (which ended on 31 March). Organically, it even achieved a 4.7 % growth.
French liquor company Rémy Cointreau and Dutch Lucas Bols have founded a joint venture for liquor brand Passoã. The Dutch company will lead the joint venture, which targets an 18 million euro annual turnover.