Hong Kong protests hit Rémy Cointreau Q3 sales

French producer Rémy Cointreau reported an 11.3% organic sales decline for its third quarter as Cognac sales were hit by protests in Hong Kong. Rémy Cointreau saw organic sales fall to €285.3 million (US$315.2m) from October to December 2019, down from €321.5m (US$355.1m) during the same period the previous year. This was due to a drop in tourism in Hong Kong, slow stock replenishment in the US and distribution changes, mainly in Western Europe. House…

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Fever-Tree sales hit by ‘challenging’ UK market

Tonic water producer Fever-Tree’s 2019 UK sales are predicted to fall 1% as the market witnessed a “challenging Christmas” period with a slowdown in consumer spending. The carbonated mixer producer has released its trading update for 2019 ahead of the group’s preliminary results on 24 March 2020. Fever-Tree expects full-year revenue for 2019 to increase by 10% to £260.5 million (US$339m) – a stark contrast to its 40% growth reported for 2018. Fever-Tree’s revenue was…

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Majestic hails ‘largest ever’ trading day over Christmas

Retailer Majestic Wine reported its biggest trading day in the company’s 40-year history on 23 December 2019, as spirits helped boost sales over the Christmas period. During Majestic Wine’s third quarter, which ran from 1 October to 30 December 2019, sales were up 4.3% compared to the same period the previous year. During December, rum sales rose 24% compared to 2018, while brandy sales were up 33%. Majestic Wine returned to private ownership in December…

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Brown-Forman delivers mid-single-digit growth in H1

Jack Daniel’s owner Brown-Forman has reported a net sales increase of 5% to US$1.8 billion in the first six months of its 2020 fiscal year, boosted by Tequila and premium Bourbons. In the company’s six month period ending 31 October, operating income increased 1% in the quarter to US$600 million. Brown-Forman also reported its net sales for the second quarter, which were up 9% to US$989m. Operating income for the period increased 6% to US$352m.…

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Marie Brizard registers 1.5% net sales drop

French drinks group Marie Brizard Wine & Spirits has reported a 1.5% organic net sales drop in the first nine months of 2019 and has gained approval to sell its Polish distribution arm, Sobieski Trade. The firm’s third quarter saw sales fall 0.6% to €98.9m (US$109.2m). In the first nine months of this year, net sales for the Western Europe, Middle East and Africa (WEMEA) region fell 7.3% to €80.1m (US$88.4m). The sales reflect MBWS’s…

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