Rémy Cointreau sales drop 16.4% in H1

French drinks group Rémy Cointreau saw sales fall 16.4% during the first half of its fiscal year due to the impact of the Covid-19 pandemic on duty free and on-trade sales. The Rémy Cointreau Group posted total sales of €430.8 million (US$508m) for the six-month period between April and September 2020, down by 16.4% on an organic basis compared with the same period in 2019. After reporting declines of 33.2% in the first quarter, the…

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Rémy Cointreau Q1 sales fall 33.2%

French drinks group Rémy Cointreau saw its organic sales drop 33.2% in the first quarter of its financial year as a result of on-trade closures and travel restrictions due to the coronavirus pandemic. In the three months to the end of June 2020, Rémy Cointreau posted total sales of €150.1 million (US$173m), down from €223.2m (US$257m) in the same period last year. The Rémy Martin owner had predicted that its sales could be down 50-55%…

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