Remy Cointreau, Diageo see Growth in Americas Amid Emerging Markets Slump

Dear Client: On a macro level, Remy Cointreau's fourth quarter was largely a continuation of the struggles in the third quarter as trouble in China persisted. As a result, the group's global organic sales plunged 11% for the year ended March 31. But on the bright side, Remy's Liqueurs and Spirits division delivered 9.3% growth for the year in the Americas. Recall, during the third quarter (ended December 31) Remy said US sales were "mathematically down" due to technical factors.