Remy Cointreau SA, the maker of Remy Martin cognac, said it will focus on pushing high-priced drinks to drive growth after reporting an increase in annual profit due to cognac sales in Asia and the U.S.
Remy Cointreau SA, the maker of Remy Martin cognac, reported third-quarter sales that beat estimates after demand for the French spirit increased more than analysts expected, buoyed by Asia and the U.S.
Remy Cointreau SA, France’s second- biggest distiller, said first-half earnings increased 27 percent and forecast a “substantial” gain for the year as the company sells more cognac in markets such as China.
Remy Cointreau SA, the maker of Remy Martin cognac, plans to return to earnings growth in the current fiscal year after Chinese customers’ cutbacks on purchases of the drink caused annual profit to plunge 39 percent.
Remy Cointreau SA, the maker of Mount Gay rum, reported fourth-quarter revenue that beat analysts’ estimates, aided by demand for pricier variants of its Remy Martin cognac during the Chinese New Year holiday.