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Remy Cointreau in trouble because of the United States

Sales down to -22.2%, profit collapses by 46%: the problem is the unsold cognac

Sales decreased by -22.2% on an organic basis, due to the continuous and strong destocking in the United States and operating profit of 169.1 million Euros, which fell by 43% on an organic level. These two not-so-brilliant figures from the 2023-2024 half-year period are enough to understand the concerns that are hanging over Remy Cointreau, the cognac producer Remy Martin and the liqueur Cointreau. In...

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Roma, RM, Italia, 11/30/2023 16:18
EFA News - European Food Agency

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