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France's Remy Cointreau in good spirits as cognac sales surge

French spirits group Remy Cointreau said Friday its sales grew by five percent in the first half of its 2018-19 financial year driven by its popular Remy Martin cognac.
The group, which has distilled the Cointreau orange liqueur since 1849, generated sales of 571.4 million euros ($655 million) over the period, it said in a statement.
Sales by the House of Remy Martin surged by 11.7 percent thanks to "strong trends" in the Asia-Pacific region -- particularly in China -- the statement added.
Remy Cointreau's liqueur and spirits division grew just 0.8 percent, "but should pick up nicely in the second half, boosted by a number of communication campaigns".
The group's partner brands dropped by 4.5 percent over the first half after the termination of several distribution contracts with third-party brands.
© 2018 AFP