US Edition
Cognac Maker Remy Cointreau Lifts Guidance After China Deal
CHARENTE, NOUVELLE-AQUITAINE, JUL 25 – Remy Cointreau raised its profit forecast after EU-China cognac deal cut losses from 50 million to 10 million euros, despite increased US tariffs and currency challenges.
- Remy Cointreau, the French producer of spirits, experienced a rise in sales in the latest quarter—the first increase after several quarters of decline—and subsequently increased its profit forecast for the full year on July 26, 2025.
- The growth followed a July deal between the EU and China easing steep duties imposed since October 2024, which had heavily impacted Remy's key Chinese market.
- Sales increased by 1.8 percent to reach 220.8 million euros in the April to June quarter, supported by a 5.7 percent organic growth largely attributed to a relatively weak performance in the U.S. market during the same period last year.
- Remy now expects a mid- to high-single-digits decline in full-year adjusted operating profit, improving from a previously forecast mid- to high-teens decline, while shares jumped about four percent in Paris trading.
- The results suggest easing tariff pressures and a possible market recovery, but questions remain about cognac demand and the new CEO's performance in a challenging global environment.
Insights by Ground AI
Does this summary seem wrong?
37 Articles
37 Articles
The Killeen Daily Herald+28 Reposted by 28 other sources
Cognac maker Remy Cointreau lifts guidance after China deal
French drinks group Remy Cointreau lifted Friday its outlook for the year after a deal between the EU and China on cognac imports, but now expects a stiffer impact from US levies and the strong euro.
Chinese duty-free problems hit Rémy Cointreau in Q1 but relief in sight
French drinks company Rémy Cointreau’s first-quarter sales for the period ending 30 June were hard hit by the ongoing impasse for Cognac sales in the key China duty-free market. However, the company is optimistic of a return to normalised business in the sector. As reported, China’s Ministry of Commerce (MOFCOM) slapped heavy ‘temporary anti-dumping’ measures on imported European brandies from 11 October 2024 in a tit-for-tat response to the EU’…
Coverage Details
Total News Sources37
Leaning Left4Leaning Right1Center10Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 27%
C 67%
Factuality
To view factuality data please Upgrade to Premium
