16th October, 2015 by Neal Baker
French spirits producer Rémy Cointreau has announced its value sales shrank 5.9% in the first half of 2015, which it blames on distribution changes in its key markets.

Rémy’s reported growth was positive by nearly the same amount – 6.1% growth to €500.7 million (£368m) – but that figure is due to favourable currency fluctuations with the weaker Euro.

Organically, not taking account of currency movements, group sales declined across all of its divisions. Rémy Martin Cognac dropped 3.1% and Liqueurs and Sprits – including flagship brands Cointreau and Bruichladdich – fell by 8.3%. 

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