Cointreau bets on Donald Trump tax cuts boost

Luxury spending is set to benefit if US president-elect Donald Trump succeeds in lowering US taxes, spurring rich consumers to buy more, according to the chief executive of French cognac maker Remy Cointreau.

“Affluent households should continue to benefit from these tax decisions,” chief executive Valerie Chapoulaud-Floquet said about the Remy Martin owner’s first-half results.

“The decrease in the tax rate should continue to stretch the market,” she said.