Remy Down Double Digits in Q3, But Showing Sequential Improvement

Dear Client: Remy Cointreau continued its double-digit decline in Q3 (ended December), with global sales down 23.5% on an organic basis. For the first nine months of the fiscal year, global sales were down 22.7%, and volumes were down 17%.  The Americas region recorded "very strong double digit decline" for the nine-month period, with sequential improvement in Q3. Indeed, North America "showed the strongest sequential improvement, partly driven by some positive phasing effect in Liqueurs & Spirits division," said cfo