Rémy Cointreau saw its sales increase by 2.9% in its full-year results as it posted “remarkable growth” in the Asia Pacific region.
From April 2017 to March 2018, sales reached €1.13 billion, which was primarily driven by the company’s House of Rémy Martin, the parent company for the group’s two brands of cognac, Rémy Martin and Louis XIII.
Rémy Cointreau said the “outstanding” full-year performance of House of Rémy Martin was thanks to accelerated momentum in China as well as the US, Russia and travel retail.
The Rémy Martin cognac brand was boosted by a second limited-edition release of Carte Blanche à Baptiste Loiseau, pop-ups in the UK, Russia and China, and communication investments for XO Cognac.
Meanwhile, Louis XII launched its limited-edition crystal magnum, called The Legacy, and unveiled the 100 Years campaign in partnership with singer Pharrell Williams.
Despite the positive cognac figures, Rémy Cointreau’s liqueurs and spirits division – which includes brands such as Mount Gay, Cointreau, and Metaxa – posted a decrease in sales of 3.4%.
In a statement, Rémy Cointreau said: “The House of Cointreau pursued growth, led by rapid expansion in its newer markets (notably Greater China and Russia) and a good year in the US amid more moderate market conditions.
“The brand is launching a new global communication campaign and intends to take advantage of the 70th anniversary of the margarita’s creation this year, celebrating Cointreau as a key ingredient of the original recipe.”
It continued: “With full-year sales in line with the group’s forecasts, Rémy Cointreau confirms its guidance of growth in current operating profit for the financial year 2017/18, assuming constant exchange rates and consolidation scope.”
Earlier this month, Rémy Cointreau announced that Philippe Farnier has been appointed as new CEO of the House of Rémy Martin, effective from 1 June 2018.
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