Champagne and Cognac Fair Well for Remy

The company reported that all group brands did well in the third quarter, with Asia and Europe as the growth drivers. Organic sales of cognac grew 8.6%, liqueur/spirits were up 2.8% and champagne jumped 15.6%. Partner brands grew 6% in all.“Consumer demand [of cognac] in the US remained good in a business environment marked by caution,” said the company.Melissa Earlam of UBS said in a research note that while cognac demand remains solid in the U.S., it fell short in