Remy’s profits climb on China’s thirst for cognac

FILE PHOTO: Oak barrels are stored in a cellar for storing rare and old cognac at the Remy Martin factory in Cognac, southwestern France, November 6, 2015. REUTERS/Regis Duvignau/File Photo

PARIS (Reuters) – Remy Cointreau expects more profit growth this year, helped by strong demand for its premium cognacs in China and its efforts to sell higher-priced spirits to boost margins. The maker of Remy Martin cognac and Cointreau liqueur, which reported higher-than-expected annual profits on Thursday, said the strategy of focusing on premium products […]

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