Remy in Need of a “Spark” to Drive US Recovery

Dear Client: Remy Cointreau ended its fiscal year with global sales down 19.2% on an organic basis, partially thanks to continued weakness in the US market. In Q4, global sales were flattish, down 0.7%.  Overall, sales fell in line with expectations, coming in at the lower end of the -15% to -20% guidance for the full year.  In the Americas, sales were down nearly 40% for the fiscal year, "including sequential deterioration in the last quarter due to negative phasing