Category: cognac
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Remy Cointreau too concentrated in cognac, investors say By Reuters
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By Emma Romney LONDON (Reuters) – Remy Cointreau needs to diversify its investments further because its reliance on cognac sales in the United States and China makes it among the hardest hit by the global spirits price slump, investors say. Cognac maker Rémy Martin has already indicated it wants to…
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China cognac probe is a reaction to EU car tariffs, says Hennessy owner LVMH By Reuters
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AIX-EN-PROVENCE, France (Reuters) – China’s investigation into dumping in Europe’s cognac industry is a tit-for-tat response to European Union tariffs on Chinese electric cars, the chief financial officer of Hennessy cognac owner LVMH said on Saturday. China on Friday announced plans to hold a hearing on European brandy imports, escalating…