News Briefs for December 2, 2019December 2, 2019
•Rémy Cointreau’s sales dropped 3.6% on an organic basis to €508.1 million ($560.6m) for the company’s first fiscal half ended in September. The company reports that operating profit was stable, with group brands growing 0.8% to €141.3 million ($155.9m). That progress was offset, however, by declines in Rémy’s partner brands as well as volatility in holding costs. The House of Rémy Martin division (33.2% of sales) continues to boost the company, with sales up 2.1% to €367.2 million ($405.2m), driven by increasing momentum in China. But Rémy acknowledged that growth was hampered by decreased tourism in Hong Kong and a U.S. market slow to restock. The company’s Liqueurs & Spirits division was up 4.9% to €128 million ($23.2m) on an organic basis in the first half.
•Pernod Ricard has announced a packaging revamp for Jameson Caskmates. The new labels feature a simplified design that highlights the style of beer that was casked to finish the whiskey while moving the name of the specific brewery partner to the back label. The redesigned labels will roll out to retail and on-premise accounts in the U.S. in January, with the rest of the world receiving the new Caskmates packaging in March. Last year, Caskmates neared 200,000 cases on 60% growth in the U.S., according to Impact Databank.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.