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Rémy Cointreau Sales Slide 9% In First Quarter

July 21, 2015

Rémy Cointreau’s sales fell 9% to €223.3 million ($242.5m) on an organic basis in its fiscal first quarter, ended in June, although the company continued to see high-end progress on its flagship Rémy Martin brand in the U.S. Globally, Rémy Martin’s sales fell 7% on an organic basis during the period, weighed down by Asia, but the brand saw “an acceleration in demand in the U.S. for superior qualities,” the company said.

Meanwhile, the group’s Liqueurs & Spirits unit faced challenges, down 13.8% in organic terms, due in part to high comparables for Cointreau in the U.S. Metaxa and St-Rémy sales also fell in the quarter, though Rémy’s Mount Gay rum, Bruichladdich single malt Scotch and The Botanist gin brands served as bright spots, achieving notable first-quarter growth in the U.S., among other markets.

 

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