Asia Pacific boosts Rémy Cointreau H1 sales

17th October, 2017 by Amy Hopkins

‘Remarkable growth’ in Asia Pacific has bolstered the half-year sales of French drinks group Rémy Cointreau, with organic gains of 7%.

Rémy Cointreau has hailed a positive H1 performance

In the first half of its 2017/18 financial year, Rémy Cointreau’s sales hit €544 million (US$639m), also driven by its Rémy Martin Cognac brand, which reported organic sales growth of 15.4% in the period.

The brand saw good growth in the Americas, Africa, Russia and global travel retail, as well as “strong momentum” in Greater China, “robust headway” in Singapore and “positive growth” in Japan.

Looking at the Asia Pacific region more generally, Rémy Cointreau said its sales benefited from “strong momentum” in Greater China and Singapore and “improved trends” in Japan.

Rémy Cointreau’s Liqueurs & Spirits business, excluding Rémy Martin, experienced a 4.5% decline following the establishment of a joint venture for Passoã with Lucas Bols.

Cointreau liqueur reported a “good performance” in its top US market and “brisk development” in newer markets, such as Greater China and Russia.

Greek spirit Metaxa was boosted by its 12 Stars expression in key markets, while Mount Gay rum “benefited from positive trends” in Barbados and the UK, and St-Rémy “capitalised on solid business” in Canada and Russia.

Brands produced at Rémy Cointreau’s Bruichladdich distillery in Scotland were bolstered by the “exceptional strength” of The Botanist gin.

Sales of ‘partner brands’ dropped 14.2% in H1 2017/18 following the end of Rémy Cointreau’s distribution deal with Champagne brands Piper-Heidsiek and Charles Heidsieck.

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