Remy Cointreau Looks to Other Markets to Balance Middle East Blow
Dow Jones
Jul 29
0814 GMT - Remy Cointreau has been able to offset disruption from the Middle East conflict with stronger performance in other regional markets, says Luca Marotta, deputy chief executive and finance chief of the French cognac distiller. "We achieved strong penetration in many markets," Marotta tells analysts on a call following an earnings update showing better-than-expected revenue growth for the group's mainstay cognac division in its fiscal first quarter. The Middle East conflict had a "slight negative impact" on the EMEA region over the quarter, but this was partly offset by growth in markets like South Africa, the company says.
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