RemyCointreau

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Reuters - 2 dagen geleden

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

Reuters - 2 dagen geleden

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.

Reuters - 3 dagen geleden

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.

Reuters - 3 dagen geleden

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

Reuters - 3 dagen geleden

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.

Reuters - 3 dagen geleden

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

Reuters - 3 dagen geleden

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.

Reuters - 3 dagen geleden

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)

Reuters - 3 dagen geleden

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.

Reuters - 1 week geleden

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

Reuters - 1 week geleden

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.

Reuters - 1 week geleden

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

Reuters - 2 weken geleden

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.

Reuters - 3 weken geleden

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.

Reuters - 3 weken geleden

Europe's top cognac makers will attend China meeting on anti-dumping probe

Europe's top cognac makers will attend China meeting on anti-dumping probe LONDON, July 5 (Reuters) - Europe's top cognac makers will attend a hearing on July 18 on China's anti-dumping probe of the industry for their first chance to defend themselves in person, an industry source said. Main brands Martell, which is owned by Pernod Ricard PERP.PA , Remy which is part of Remy Cointreau RCOP.PA , and Hennessey, owned by LVMH LVMH.PA , received a summons overnight to attend the hearing, the source

Reuters - 3 weken geleden

China unveils next steps in EU brandy probe as EV tariffs take effect

UPDATE 5-China steps up pressure with EU brandy probe hearing as EV tariffs begin French cognac houses to attend meeting in Beijing Some European countries oppose tariffs Intense negotiations expected to continue Adds details on European cognac makers in paragraphs four and five, context in paragraphs 18, 19 By Joe Cash BEIJING, July 5 (Reuters) - China announced the next step in its anti-dumping investigation into European brandy imports on Friday, ramping up tension on the day the European Com

Reuters - 1 maand geleden

Remy, Pernod Ricard slip on China tariff worries

BUZZ-Remy, Pernod Ricard slip on China tariff worries ** Shares in French spirits makers Remy Cointreau RCOP.PA and Pernod Ricard PERP.PA slip, with two analysts pointing to a report that Beijing could introduce tariffs on EU-imported brandy as early as August ** Online wine portal Vino-Joy points to an article by Yuyuan Tantian- a social media acc

Reuters - 1 maand geleden

French spirits exports tumble ahead of worsening trade conflict

French spirits exports tumble ahead of worsening trade conflict PARIS, June 13 (Reuters) - French spirits sales and exports have dropped sharply this year as consumers continued to cut back spending , the industry lobby said on Thursday, warning that looming trade barriers could further hurt the sector. Cognac makers said on Wednesday they were "deeply" worried about an anti-dumping probe launched by Beijing in January, after the European Commission imposed tariffs on imports of Chinese electric

Reuters - 1 maand geleden

European auto stocks fall on uncertainty over China's tariff response

UPDATE 2-European auto stocks fall on uncertainty over China's tariff response Adds fund manager comments, analyst comment By Danilo Masoni MILAN, June 13 (Reuters) - Shares of some of Europe's biggest carmakers fell further on Thursday on uncertainty over how China might respond to the EU's new tariffs on imported Chinese electric vehicles to combat what Brussels sees as excessive subsidies from Beijing.

Reuters - 1 maand geleden

China urges EU to reverse EV tariffs, Chery undeterred

UPDATE 10-China urges EU to reverse EV tariffs, Chery undeterred Chinese state media says cooperation is the way forward Chinese EV stocks shrug off EU tariff decision EU announcement slightly positive for BYD, says Citi SAIC says it is deeply concerned by tariffs Tesla says it will hike prices due to tariffs Adds Chery details paragraphs 1, 6-9 By Liz Lee, Laurie Chen and Nick Carey BEIJING, June 13 (Reuters) - Beijing on Thursday slammed EU tariffs on Chinese electric vehicles as protectionist

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