On Thursday, Remy Cointreau will report its fiscal first-half results. Here, just-drinks takes a closer look at the company’s performance in the three months to the end of September.
- In July, the company reported flat underlying sales for the first three months of this year, with partner brands offsetting slight dips across its owned portfolio. Looking closer at the firm’s brands and the company said a slip in sales for its Remy Martin Cognac in Asia Pacific was “not representative of full-year expectations”.
- At the start of September, Remy confirmed it was in talks with Lucas Bols over forming a joint-venture to manage its Passoã brand. The companies said they had entered “exclusive negotiations” over the proposed deal, which would see Remy relinquish control of the passion fruit liqueur to the JV. The JV – and a potential divestment of the brand to Lucas Bols – was confirmed after the quarter.
- Also at the beginning of September, the firm released details of the latest addition to the Origin Series run of expressions of its Mount Gay rum brand. ‘Volume Two, The Copper Stills Collection’ is a small-batch release comprising one iteration distilled in a copper pot still with a second expression that has been distilled in a copper column still.
- Later in the month, the firm joined several other larger drinks companies to form the Alcohol Information Partnership in the UK, in an attempt to ensure the debate around alcohol consumption remains balanced.
- Good news for brand Remy Martin came from a Morgan Stanley survey of US wholesalers, towards the end of the month. No wholesalers forecast declines for the brand, compared to about 20% in the previous survey.
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