Business

Rémy Cointreau Moves Into Luxury’s Big League

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Should a company selling expensive liquor that can be polished off in a night be valued as highly as one that makes heirloom handbags? Potent half-year profits strengthen Rémy Cointreau ’s argument that it should.

On Thursday, the Paris-based owner of Rémy Martin cognac as well as more mainstream drinks including the Botanist gin said sales increased 27% in the six months through September compared with the same period of pre-pandemic 2019, while operating profit gained 59%. Profitability was much better than stock analysts expected, sending the shares up 11% in morning European trading.

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Kathy Lewis

Kathy Lewis is an all-around geek who loves learning new stuff every day. With a background in computer science and a passion for writing, she loves writing for almost all the sections of Editorials99.

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