Remy Cointreau sees slow return to growth as US slump eases

Chief executive Eric Vallat said the recovery in the US had taken longer than expected, but profitability was still the third-best in the company’s history

Remy is among the cognac makers to have been hit with allegations of dumping French brandy in China, where authorities have opened an investigation.

Remy Cointreau will take another year to return to growth following a sharp downturn in the key US market and disruption in its China business.

The French maker of Remy Martin cognac said the current fiscal year would be one of transition, before it gets back on track to hitting a longer-term goal of achieving high single-digit annual growth in sales.