COGNAC DAILY NEWS

MARKETING/DESIGN/CONSUMER TRENDS/INSPIRATIONS Cognac & Brandy News for Consumers & Industry Experts

REMY COINTREAU IS POSTING VERY POSITIVE RESULTS

Remy Cointreau

Remy Cointreau Logo

Rémy Cointreau has posted a healthy jump in year-to-date sales as Cognac sales remained strong despite the later Chinese New Year.

Total sales rose by 17.5% to $1.29bn US in the nine months to the end of December, with Rémy’s own brands up by 20.6%. Sales of its Rémy Martin brands increased by 12.4% in the same period, as super-premium Cognac in Asia continued to grow.

Cognac sales in the US were also buoyant while Rémy’s liquor and spirits posted “strong gains” in the country.

The results build on already strong comparisons from the same period last year when Cognac sales grew 18% up. Net sales in 1st quarter were up by 13.30% compared to 2012 first quarter.

Sales in Europe remained buoyed by Russia and increased, together with some Western European countries.

Today’s results included a full quarter of sales of Bruichladdich, which Remy Martin purchased in 2012 for approximately $90 million US.

To read Remy’s official statement, click here.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Information

This entry was posted on April 6, 2013 by in Uncategorized and tagged , , , .
%d bloggers like this: