Remy Readjusts Goalposts for Recovery Into Next Year

Dear Client: Remy Cointreau rounded out the first half of its fiscal year with global sales down 22.2% on an organic basis, showing some improvement in Q2. The declines were driven in large part by a slow recovery in the Americas region and a negative currency effect. The H1 sales decline was also driven by a nearly 19% drop in global volumes as well as a -3.3% price/mix effect impacted by the Americas region, according to cfo Luca Marotta. Looking at just