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