date:Jun 06, 2014
Remy Cointreau, the maker of Remy Martin cognac, plans to return to earnings growth in the current fiscal year after Chinese customers cutbacks on purchases of the drink caused annual profit to plunge 39%.
Remy can set an objective of achieving organic growth in sales and current operating profit in 2014-15, the Paris-based liqueur producer said today in a statement.
Sales of Remy Martin have been depressed by government crackdowns on extravagant spending in China, one of the spirits largest