Tag: $Remy Cointreau

Shares of several French cognac makers rallied on Tuesday after France’s President Emmanuel Macron suggested that trade tensions between China and the European Union, which could impact the drinks makers, may ease.

China has opened an anti-dumping investigation on brandy imported from the European Union, a step that appears to be mainly targeted at France and adds to ongoing trade disputes between Beijing and Brussels.

PARIS, July 25 (Reuters) – French spirits group Remy Cointreau (RCOP.PA) on Tuesday reported a fall in first-quarter organic sales, reflecting weaker U.S. demand, high year-ago comparables and destocking, and said it was banking on a sharp rebound in sales in the U.S. from the third quarter.

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