On Wednesday, Rémy Cointreau will report its first-quarter sales figures. Here, just-drinks takes a closer look at the company’s performance in the three months to the end of June.
- At the start of the quarter, Remy was hailed as the most successful spirits company in converting its social media activity into sales, according to analysts at Societe Generale
- More good news followed, with the release of the Distilled Spirits Council’s 2015 numbers. Analysts at Bernstein said Rémy saw estimated value growth last year of 8.2%
- In a full-year sales update, the company highlighted improving trends in Asia as its Cognac brands pushed it to a solid sales jump in the 12 months to the end of March. However, Rémy played down its Chinese New Year performance in the year
- Meanwhile, the company’s CFO said he is ready to fight it out with Pernod Ricard and Gruppo Campari as investment floods into the competitive US Cognac category
- At the beginning of May, Rémy appointed a new marketing & business development head for its Global Travel Retail unit. Lyndea Dew, who previously worked for Spanish fashion and fragrance company Puig, will work out of Singapore
- In June, the company reported a strong jump in profits from its Rémy Martin Cognac house, which delivered a solid bottom line for the group’s full-year. However, downturns in Greece and Russia pulled down results in the company’s other categories
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