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Shift to premium spirits helps Remy weather China lockdowns

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Reuters UK

By Dominique Vidalon PARIS (Reuters) – France’s Remy Cointreau on Thursday predicted a strong start to its new financial year, as broad demand for its premium spirits helps to offset inflationary pressures and the impact of COVID lockdowns in China. The maker of Remy Martin cognac and Cointreau liquor made the upbeat comments after reporting higher-than-expected operating profit growth for its financial year ended March 31. “On the strength of our progress against our strategic goals, new consumption trends and our robust pricing power, we are starting the year 2022-23 with confidence,” CEO Er…

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