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Tag Archive: Remy Cointreau

News Briefs for July 21, 2020

•Remy Cointreau posted sales down 33% to €150.1 million ($172m) in its first quarter ended in June, as its core Remy Martin Cognac brand declined 39% to €99 million ($113m) owing to distributor destocking and weakness in the hard-hit travel retail sector. Continue reading →

Posted in News on July 21, 2020

News Briefs for June 16, 2020

•Monterey County, California-based Scheid Family Wines is taking aim a the “better for you” wine segment with the launch of Sunny With a Chance of Flowers, a low-calorie, low-alcohol wine brand with zero residual sugar. Continue reading →

Posted in News on June 16, 2020

News Briefs for May 1, 2020

•Austin, Texas-based Twin Liquors has expanded online ordering to over 90 stores. Continue reading →

Posted in News on May 1, 2020

Rémy Cointreau Reopens Cognac Production, Anticipating Gradual Recovery

Rémy Cointreau saw sales fall 11% on an organic basis to €1 billion ($1.1b) in its fiscal year ended in March, as the Covid-19 crisis led to a 24% revenue decline in the fourth quarter. Continue reading →

Posted in News on April 29, 2020

Rémy Cointreau Expects 26% Fourth-Quarter Decline Due To Coronavirus

In a trading update, Rémy Cointreau said it expects revenues for the fiscal year through March to fall about 12% on an organic basis, including a 26% drop in the fourth quarter, owing to the effects of the coronavirus outbreak. Continue reading →

Posted in News on April 3, 2020

News Briefs for March 12, 2020

•New Jersey distributor Fedway Associates has named John Devin as president of sales and marketing, effective April 20. Continue reading →

Posted in News on March 12, 2020

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