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RemyCointreau


Actualités

Tourist splurge in Japan creates new headache for luxury brands

Tourist splurge in Japan creates new headache for luxury brands By David Dolan TOKYO, Aug 1 (Reuters) - Tourists are flocking to Japan to scoop up high-end clothes and handbags at a discount thanks to the weak yen currency. Luxury goods companies like Louis Vuitton parent LVMH LVMH.PA would rather they stayed home and shopped. The yen's JPY= sell-off - it hit a 38-year low against the dollar last month before recovering ground - has sparked an unprecedented tourist boom, drawing savvy shoppers f
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Diageo's succession hangover has fuzzy duration

BREAKINGVIEWS-Diageo's succession hangover has fuzzy duration The authors are Reuters Breakingviews columnists. The opinions expressed are their own. By Aimee Donnellan and George Hay LONDON, July 30 (Reuters Breakingviews) - Diageo’s DGE.L seamless CEO succession looks increasingly frayed. Last year’s elevation of Debra Crew to the top job at the $67 billion Guinness and spirits maker was hailed as a shining example of how to hand over power.
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French spirits makers fall as peer Diageo forecasts weak 2025 demand

BUZZ-French spirits makers fall as peer Diageo forecasts weak 2025 demand ** Shares of French spirits makers Rémy Cointreau RCOP.PA and Pernod Ricard PERP.PA slip after London-listed peer Diageo DGE.L said the alcohol market would remain challenging in 2025 ** "The consumer environment continues to be challenging with conditions we saw towards the
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Euronext, Pearson, Saint-Gobain

EUROPE RESEARCH ROUNDUP- Euronext, Pearson, Saint-Gobain July 30 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Euronext, Pearson and Saint-Gobain on Tuesday. HIGHLIGHTS * Adyen NV ADYEN.AS : HSBC cuts target price to EUR 1600 from EUR 1900 * Deutsche Boerse AG DB1Gn.DE : JP Morgan raises target price to EUR 198 from EUR 194 * Euronext NV ENX.PA : JP Morgan cuts target price to EUR 107 from EUR 108 * Pearson PSON.L : JP Morgan cut
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Diageo shares hit four-year low as CEO warns of troubles ahead

UPDATE 4-Diageo shares hit four-year low as CEO warns of troubles ahead Adds analyst comment in paragraphs 8-9 and 13-14; updates shares in paragraph 12 By Emma Rumney LONDON, July 30 (Reuters) - Diageo DGE.L warned challenges could persist into next year after missing full-year profit expectations on Tuesday, sending shares in the world's top spirits maker down more than 9% to a four-year low.
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Diageo set for first post-COVID annual sales decline

PREVIEW-Diageo set for first post-COVID annual sales decline By Emma Rumney and Cassandra Garrison LONDON/MEXICO CITY, July 29 (Reuters) - Diageo DGE.L is set to post its first yearly sales decline since 2020 next week, when it needs to convince investors that plans to turn around its North American and Latin American businesses are showing progress.
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London shares weighed down by luxury stocks, downbeat US tech earnings

UPDATE 1-London shares weighed down by luxury stocks, downbeat US tech earnings For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Burberry falls after LVMH reports sales slowdown Aston Martin surges after half-yearly earnings update FTSE 100 down 0.2%, FTSE 250 off 0.7% Updated at 1558 GMT By Purvi Agarwal and Roshan Abraham July 24 (Reuters) - UK shares ended lower on Wednesday under pressure from weakness in luxury goods stocks and disap
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Remy Cointreau too concentrated in cognac, investors say

Remy Cointreau too concentrated in cognac, investors say By Emma Rumney LONDON, July 24 (Reuters) - Remy Cointreau RCOP.PA investors say the company needs to diversify further as its reliance on cognac sales in the United States and China leaves it among the worst-hit by a global spirits downturn. The maker of Remy Martin cognac has already signalled it wants to grow sales in other markets and invest in its portfolio of other drinks, including Cointreau liqueur and The Botanist gin.
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Remy CFO says no date yet given for decision on China brandy probe

UPDATE 1-Remy CFO says no date yet given for decision on China brandy probe Adds background in paragraphs 2, 3 and 8; CFO quotes in paragraphs 4-7 LONDON, July 24 (Reuters) - Beijing has given no official timeframe for a decision in its anti-dumping investigation on European Union brandy, Remy Cointreau's chief financial officer said on Wednesday, after top cognac makers attended a hearing on the issue last week.
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Remy CFO: Q2 will not be positive, there may not be a sequential improvement from Q1

BRIEF-Remy CFO: Q2 will not be positive, there may not be a sequential improvement from Q1 July 24 (Reuters) - Remy Cointreau SA RCOP.PA : REMY CFO: WE THINK EUROPE WILL DELIVER POSITIVE TOP-LINE DYNAMICS FOR THE YEAR REMY CFO: JULY STARTED BETTER IN THE UNITED STATES, BUT UNCLEAR IF THIS WILL CONTINUE REMY CFO: Q2 WILL NOT BE POSITIVE, THERE MAY N
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Remy CFO: Chinese officials have given no timeline on EU brandy probe

Remy CFO: Chinese officials have given no timeline on EU brandy probe LONDON, July 24 (Reuters) - Beijing officials have given no official timeframe for a decision regarding an anti-dumping investigation into brandy imported from the European Union, Remy CFO Luca Marotta said on Wednesday. The maker of Remy Martin cognac and Cointreau liqueur has made no changes to its Chinese operations in the meantime, he said.
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Remy Cointreau seen down after Q1 sales miss

BUZZ-Remy Cointreau seen down after Q1 sales miss ** Shares in Remy Cointreau RCOP.PA are seen falling 2-3% after the French spirits maker posted a bigger-than-expected sales decline in Q1 ** Organic sales fell 15.6% during the quarter, compared to the 13.6% drop anticipated by analysts, dragged down by U.S. and Asia performance ** J.P. Morgan poin
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Remy Cointreau's shares hit lowest since 2016 after quarterly sales miss

UPDATE 4-Remy Cointreau's shares hit lowest since 2016 after quarterly sales miss Adds share update in paragraph 8; investor comment in paragraphs 8 and 12 LONDON, July 24 (Reuters) - Remy Cointreau's RCOP.PA shares hit their lowest in eight years on Wednesday as a first-quarter sales miss on spreading problems in the U.S. and Asia added to gloomy sentiment around the cognac maker.
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Remy Cointreau Q1 Sales Down 15.6% To EUR 217 MLN

BRIEF-Remy Cointreau Q1 Sales Down 15.6% To EUR 217 MLN July 24 (Reuters) - Remy Cointreau SA RCOP.PA : Q1 SALES DOWN -15.6% IN ORGANIC TERMS OUTLOOK 2024-25: OBJECTIVES CONFIRMED Q1 REVENUE EUR 217 MILLION Q1 SALES EUR 217.0 MILLION VERSUS COMPANY COMPILED CONESUS OF EUR 220.4 MILLION Further company coverage: RCOP.PA (Gdansk Newsroom)
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Remy Cointreau posts wider-than-expected Q1 sales decline as US woes continue

Remy Cointreau posts wider-than-expected Q1 sales decline as US woes continue LONDON, July 24 (Reuters) - Remy Cointreau RCOP.PA on Wednesday reported a bigger-than-expected 15.6% decline in first-quarter sales, as difficulties hurting its U.S. cognac division spread to its liqueurs and spirits unit. Analysts had expected the maker of Remy Martin cognac and Cointreau liquor to post a 13.6% decline in organic sales.
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Remy Cointreau Sets Amount Of Dividend At EUR 2.0

BRIEF-Remy Cointreau Sets Amount Of Dividend At EUR 2.0 July 18 (Reuters) - Remy Cointreau SA RCOP.PA : SETS AMOUNT OF DIVIDEND AT EUR 2.0 DIVIDENDS WILL GO EX-DIVIDEND ON JULY 24, 2024 AND BE PAID FROM OCT 1, 2024 ISSUE PRICE OF NEW SHARE IS SET AT EUR 67,16 Source text for Workspace: ID:nBw9mnD87a Further company coverage: RCOP.PA (Gdansk Newsroo
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Cognac executives, EU officials attend Beijing hearing on brandy dumping

UPDATE 1-Cognac executives, EU officials attend Beijing hearing on brandy dumping Adds background in paragraph 2, details from paragraph 3 LONDON, July 18 (Reuters) - Executives from French cognac companies and European Union officials on Thursday attended a hearing in Beijing related to China's anti-dumping investigation into EU brandy, the French cognac association said in a statement.
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Cognac executives, EU officials attend Beijing hearing on brandy dumping

Cognac executives, EU officials attend Beijing hearing on brandy dumping LONDON, July 18 (Reuters) - Top executives from French cognac companies as well as European Union officials on Thursday attended a hearing in Beijing related to China's anti-dumping investigation into EU brandy, the French cognac association said in a statement. The executives and representatives of industry associations "firmly reiterated the absence of dumping", the Bureau National Interprofessionnel du Cognac's statement
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GS cautious on US spirits market; cuts Diageo to 'sell'

BUZZ-GS cautious on US spirits market; cuts Diageo to 'sell' ** U.S. spirits market weakness could continue until 2025, Goldman Sachs says; cuts whisky maker Diageo DGE.L to "sell" from "neutral" ** Diageo's shares slip 0.04% by 0857 GMT ** Broker points to its May/June U.S. spirits wholesalers survey, which show sharp deterioration in the pricing outlook, signs of downtrading, and no sign of volume recovery ** It estimates that the U.S.
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Europe's top cognac makers to attend China meeting on anti-dumping probe, source says

UPDATE 2-Europe's top cognac makers to attend China meeting on anti-dumping probe, source says Adds details or quotes from source in paragraphs 3-4, 9, 11-14; BNIC comment in 10 By Emma Rumney LONDON, July 5 (Reuters) - Leading European cognac producers will attend a hearing on China's anti-dumping probe of the industry in Beijing on July 18 - their first chance to defend themselves in person since the investigation began earlier this year, an industry source said.
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