Remy Cointreau suffers sales drop due to China, trade tariffs
Spirits powerhouse faces challenges in China and potential US tariffs, yet forecasts return to high single-digit growth as American premium cognac demand shows surprising strength.
Bottles of fine champagne cognac on display at Remy Cointreau’s headquarters in Cognac, France, illustrate the aging process of the spirit. The company’s Q4 sales slumped 32% in China following a ban on duty-free channels and ongoing tariff uncertainty. Image: Bloomberg
Bottles of fine champagne cognac on display at Remy Cointreau’s headquarters in Cognac, France, illustrate the aging process of the spirit. The company’s Q4 sales slumped 32% in China following a ban on duty-free channels and ongoing tariff uncertainty. Image: Bloomberg