Remy Cointreau's Tariff-Reprieve Reinvestment a Key Positive -- Market Talk
Dow Jones
Aug 29, 2025
1319 GMT - Now that Remy Cointreau faces 15% tariffs from the U.S., instead of 30%, the French liquor company's decision to reinvest the difference is a key positive, Jefferies analysts write in a note. Remy reduced its estimates of the U.S. tariff hit on fiscal 2026 operating profit to 20 million euros, down from 35 million euros. As the cognac industry recovers in the medium term, the maker of Louis XIII cognac will too, analysts say. Though timing on its rebound is uncertain, the decision to focus on strategic growth in China and the U.S. is a bright spot, they add. Shares fall 1.5% to 53.85 euros. (aimee.look@wsj.com)
(END) Dow Jones Newswires
August 29, 2025 09:19 ET (13:19 GMT)
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