Remy Finds the Glass Half Full in FY Results

Dear Client: Remy Cointreau today reported a global sales increase of 0.2% on an organic basis for the fiscal year ended March, with acceleration in Q4 (sales up nearly 9%).   Much of that growth is due to improvement in Cognac and the China market thanks to the effect of the Chinese New Year timing. Meanwhile, the Americas region "recorded a moderate decline due to high comps in the US and some phasing effects specifically in Canada," said deputy ceo and