US Cognac Demand Boosts Remy Sales and Attracts Market Newcomer

Global sales for Remy Cointreau grew nearly 9% for the fiscal year ended March 31, driven mainly by its momentum in the US market. And as a result, net profits grew 11% to $116 million.The company's "Group" brands (e.g. Remy Martin, Cointreau, Metaxa, Mount Gay etc.) sales were up 1.7%. And crown jewel Remy Martin delivered its first sales increase (3.2%) in two years due to the demand in the US. Remy didn't delve into the specifivs of the brand's