Remy Profits on Hennessy Shortage

Remy Cointreau's positive second quarter performance ended September 30 was able to offset its weak first quarter, resulting in 2% organic growth in the Americas for its first half.In the US, depletions (sales to retailers) grew 8% during Q2--compared to declines in Q1--and are back in line with sellout trends, according to Remy cfo Luca Marotta, who said portfolio sales have been up between 8%-10% in the last 3, 6 and 12 months in Nielsen channels. Remy Martin, by far