Remy Cointreau

Spirits group Remy Cointreau posted a worse-than-expected 4.7% decline in first-half like-for-like current operating profits, as protests in Hong Kong hurt premium cognac sales while promotional spending also dented its earnings.

French spirits maker Remy Cointreau <RCOP.PA> said falling tourism in Hong Kong hurt cognac sales in its second quarter, as a revenue decline deepened across the group.

French spirits maker Remy Cointreau said falling tourism in Hong Kong hurt cognac sales in its second quarter, as the group reported a decline in comparable revenue for the period.

French spirits group Remy Cointreau <RCOP.PA> said on Wednesday it had picked Richemont's <CFR.S> Eric Vallat as its new chief executive officer.

Remy Cointreau said it had started looking for a new chief executive, who it wanted to have a "good knowledge" of the spirits sector and/or a "recognised expertise" in luxury in order to continue a strategy focused on high-end brands.

French spirits group Remy Cointreau <RCOP.PA> on Thursday expressed confidence revenue would rise in the second quarter after a weak start to the year and said that it could deliver double-digit sales growth in China.

French spirits group Remy Cointreau said sales had declined 3% in the first quarter, reflecting the impact of well-flagged price increases and the termination of partner brand contracts in the Czech Republic, Slovakia and the United States.

Remy Cointreau <RCOP.PA> Chief Executive Valerie Chapoulaud-Floquet, the architect of its push toward higher-priced spirits to drive profit margins, will step down by the end of 2019 for personal reasons, the company said.

French spirits company Remy Cointreau said on Tuesday that Chief Executive Officer Valerie Chapoulaud-Floquet will step down by the end of 2019 for personal reasons.

Remy Cointreau handed investors a special dividend payout after reporting a stronger-than-expected 14% rise in annual operating profit, helped by cost cuts and robust demand for its premium cognacs in China.

Remy Cointreau handed investors a special dividend of one euros per share after its annual operating profits rose by a stronger-than-expected 14.2%, helped by cost controls and robust demand for its premium cognacs in China.

French spirits company Remy Cointreau expressed confidence over its growth prospects in China, where robust demand for its premium cognac underpinned annual sales growth.

French spirits company Remy Cointreau reported higher annual sales and kept its target for profit growth for the full year, although demand for its premium cognac slowed down in China during the final quarter.

French spirits group Remy Cointreau <RCOP.PA> posted stronger-than-expected third quarter sales and struck a confident note over its prospects in China, even as increasing signs of a slowdown in that country have started to hit global markets.

Remy Cointreau's shares fell on Tuesday, surrendering early gains made at the start of trading, as analysts cited concerns over the outlook for China - a key market for the French spirits company.

Remy Cointreau's shares fell on Tuesday, surrendering early gains made at the start of trading, as analysts cited concerns over the outlook for China - a key market for the French spirits company.

French spirits group Remy Cointreau reported stronger-than-expected third quarter revenues, as the early timing of the Chinese New Year boosted premium cognac sales while demand was also robust in the United States.

* CEO predicts "very good Chinese New year" performance (Adds CEO comments, further details)

French spirits group Remy Cointreau posted a 10.1 percent rise in first-half like-for-like current operating profits, helped by robust demand for its premium cognac in China and by a tight rein on costs.