Remy Cointreau upbeat as annual profit beats forecasts By Reuters
By Dominique Vidalon PARIS (Reuters) -Remy Cointreau beat estimates for full-year operating profit growth on Thursday thanks to rebounding demand for its premium cognac in the United States and China, and was upbeat about its prospects for the current fiscal year and beyond. The maker of Remy Martin cognac said it had emerged stronger from the COVID-19 crisis as it accelerated trends such as buoyant at-home consumption in the United States, a craze for cocktails and rising e-commerce sales - all of which supported its push towards higher-priced spirits to boost margins. Remy Cointreau, which plans...
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