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RemyCointreau


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Remy to raise cognac prices in China to offset tariffs

UPDATE 1-Remy to raise cognac prices in China to offset tariffs Adds details, CFO quotes throughout PARIS/LONDON, Oct 25 (Reuters) - Remy Cointreau RCOP.PA will raise cognac prices in China to help mitigate the impact of tariffs imposed by Beijing on European Union brandy amid a trade dispute, its finance chief told investors on Friday. China imposed provisional tariffs on brandy from the European Union earlier this month, days after the 27-member bloc voted for tariffs on Chinese-made EVs.
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European shares end week in the red as earnings disappoint

UPDATE 2-European shares end week in the red as earnings disappoint Mercedes car earnings plunge as China shuns luxury Electrolux slides on US woes, Chinese competition Signify shares soar as largely in-line Q3 provides relief Updated at 1603 GMT By Paolo Laudani, Ankika Biswas and Johann M Cherian Oct 25 (Reuters) - Europe's main stock index closed Friday's choppy session flat and notched weekly losses , as a handful of weak corporate earnings from auto-related companies such as Mercedes-Benz a
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Remy to raise cognac prices in China to offset tariffs

Remy to raise cognac prices in China to offset tariffs PARIS/LONDON, Oct 25 (Reuters) - Remy Cointreau RCOP.PA will raise cognac prices in China to help mitigate the impact of tariffs imposed by Beijing on European Union brandy amid a trade dispute, CFO Luca Marotta told investors on Friday. Reporting by Dominque Vidalon in Paris and Emma Rumney in
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Remy Cointreau seen down after guidance cut, Q2 miss

BUZZ-Remy Cointreau seen down after guidance cut, Q2 miss ** Remy Cointreau RCOP.PA shares are seen down 3-5% as the French spirits maker no longer forecasts a gradual FY sales recovery, after quarterly sales fell more than expected ** Remy sees a double-digit fall in organic sales for the year, also impacting its profit margin ** Remy's Q2 sales fall 16.1% to 318 million euros ($344 million), below 15.4% drop cited in company consensus ** J.P.
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Europe before the bell: busy earnings, China gets the blame

LIVE MARKETS-Europe before the bell: busy earnings, China gets the blame Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at alun.john@thomsonreuters.com EUROPE BEFORE THE BELL: BUSY EARNINGS, CHINA GETS THE BLAME Futures are pointing to a fairly flat open at the index level, but with another busy day of earnings, it's really all about the single stocks.
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Remy abandons hopes for sales recovery as problems mount

UPDATE 4-Remy abandons hopes for sales recovery as problems mount Remy Cointreau expects double-digit sales decline for 2024/25 Beijing's tariffs on EU brandy imports add to challenges Announces 50 million euro cost-cutting plan Adds CFO quotes in paragraphs 5-6; analyst quotes in paragraphs 8-9; updates shares in paragraph 10 By Dominique Vidalon and Emma Rumney PARIS/LONDON, Oct 25 (Reuters) - Remy Cointreau RCOP.PA slashed its full-year guidance on Friday, delaying its recovery from persisten
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Remy Cointreau Sees Double-Digit Decline In 2024-25 Organic Sales

BRIEF-Remy Cointreau Sees Double-Digit Decline In 2024-25 Organic Sales Oct 25 (Reuters) - Remy Cointreau SA RCOP.PA : Q2 GROUP SALES EUR 318.0 MILLION, -16.1% ORGANICALLY (COMPANY CONSENSUS EUR 318.4 MILLION, -15.3%) 2024-25 GUIDANCE ADJUSTED: DOUBLE-DIGIT SALES DECLINE IN ORGANIC TERMS Q2 COGNAC SALES EUR 206.9 MILLION (COMPANY CONSENSUS EUR 212.
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Remy Cointreau cuts sales outlook as US, China weigh on Q2

Remy Cointreau cuts sales outlook as US, China weigh on Q2 PARIS, Oct 25 (Reuters) - French spirits maker Remy Contreau RCOP.PA on Friday warned it no longer expected sales to gradually recover in full year 2024/25 after it reported a worse-than-expected fall in quarterly sales amid worsening market conditions in China. The company producing Remy Martin cognac and Cointreau liqueur said it now expected a double-digit fall in organic sales for the year, also impacting its profit margin.
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In France's Cognac, Beijing and Brussels' EV spat spells disaster

In France's Cognac, Beijing and Brussels' EV spat spells disaster China's anti-dumping measures hit French brandy Cognac producers fear industry sacrificed for Europe car sector EU-China tariff dispute is double-whammy for EV dealership in Cognac By Sybille de La Hamaide COGNAC, France, Oct 11 (Reuters) - In this grape-growing region of western France, where brandy producers are fretting over the fallout from a trade dispute between the European Union and China, Christophe Bouetard is more worri
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China says anti-dumping move on EU brandy is legitimate trade measure

RPT-UPDATE 1-China says anti-dumping move on EU brandy is legitimate trade measure Repeats with no change to text BEIJING, Oct 9 (Reuters) - China's anti-dumping measures against brandies imported from the European Union are "legitimate trade remedy measures", the commerce ministry said on Wednesday, a day after imposing the temporary curb. French brands such as Hennessy and Remy Martin will face the strictures, adopted just days after the 27-nation bloc voted for tariffs on Chinese-made electri
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China says anti-dumping move on EU brandy is legitimate trade measure

RPT-UPDATE 1-China says anti-dumping move on EU brandy is legitimate trade measure Repeats to more subscribers BEIJING, Oct 9 (Reuters) - China's anti-dumping measures against brandies imported from the European Union are "legitimate trade remedy measures", the commerce ministry said on Wednesday, a day after imposing the temporary curb. French brands such as Hennessy and Remy Martin will face the strictures, adopted just days after the 27-nation bloc voted for tariffs on Chinese-made electric v
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Imperial Brands, Kingfisher, Nestle SA

EUROPE RESEARCH ROUNDUP-Imperial Brands, Kingfisher, Nestle SA Oct 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Imperial Brands , Kingfisher and Nestle SA, on Wednesday. HIGHLIGHTS * Aixtron AIXGn.DE : Deutsche Bank cuts to hold from buy * ING INGA.AS : Deutsche Bank cuts to hold from buy * Imperial Brands IMB.L : JP Morgan raises target price to 2,600p from 2,250p * Kingfisher KGF.L : HSBC raises target price to 360p from 305
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China says anti-dumping move on EU brandy is legitimate trade measure

UPDATE 1-China says anti-dumping move on EU brandy is legitimate trade measure Adds details throughout BEIJING, Oct 9 (Reuters) - China's anti-dumping measures against brandies imported from the European Union are "legitimate trade remedy measures", the commerce ministry said on Wednesday, a day after imposing the temporary curb. French brands such as Hennessy and Remy Martin will face the strictures, adopted just days after the 27-nation bloc voted for tariffs on Chinese-made electric vehicles
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Defensive sectors prop up Europe's STOXX 600 as China jitters persist

Defensive sectors prop up Europe's STOXX 600 as China jitters persist For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Oct 9 (Reuters) - European stocks eked out gains on Wednesday, aided by defensive sectors, as uncertainty around China's stimulus plans kept the mood subdued ahead of key U.S.
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EU says it will 'robustly challenge' China's targeting of brandy at WTO

EU says it will 'robustly challenge' China's targeting of brandy at WTO BRUSSELS, Oct 8 (Reuters) - The European Union will strongly challenge at the World Trade Organisation (WTO) a decision by China to impose temporary anti-dumping measures on imports of brandy from the EU. "Abuse of trade defence for inappropriate reasons is a clear breach of WTO rules.
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Don't abandon us on China, Cognac lobby urges French government

UPDATE 1-Don't abandon us on China, Cognac lobby urges French government Adds full quote from BNIC PARIS, Oct 8 (Reuters) - N ew Chinese duties on European brandy imports would have "catastrophic" consequences for one of France's top export sectors, the BNIC lobby group of Cognac producers said on Tuesday. "Faced with this development, the French authorities cannot abandon us and leave us alone to deal with Chinese retaliation that has nothing to do with us", BNIC said, adding: "These taxes must
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No reason for China to retaliate for EV tariffs, top EU exec says on brandy measures

No reason for China to retaliate for EV tariffs, top EU exec says on brandy measures Oct 8 (Reuters) - The EU's action against China-made electric vehicles was "fair and proportionate" and there was no need for Beijing to retaliate, Economy Commissioner Paolo Gentiloni said on Tuesday in a reaction on China's decision to slap new duties on European brandy imports.
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China’s EU reply cuts odds of damaging tit-for-tat

BREAKINGVIEWS-China’s EU reply cuts odds of damaging tit-for-tat The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Yawen Chen LONDON, Oct 8 (Reuters Breakingviews) - Judging from China’s reaction to Europe’s electric-vehicle (EV) tariffs, Beijing’s trade bureaucrats haven’t fully gotten going yet after last week’s National Holiday.
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French trade ministry: Chinese brandy duties violate free-trade rules

French trade ministry: Chinese brandy duties violate free-trade rules PARIS, Oct 8 (Reuters) - France will work with the European Union to take action at the World Trade Organisation (WTO) level to protest against China's decision to slap new duties on European brandy imports, the French trade minister told Reuters on Tuesday. "This announcement seems to be a retaliatory measure following the (EU) Commission's investigation into electric vehicles.
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Spirits makers exposed to China's EU brandy probe

FACTBOX-Spirits makers exposed to China's EU brandy probe Updates throughout after China announced anti-dumping measures Oct 8 (Reuters) - China on Tuesday imposed temporary anti-dumping measures on brandy imports from the European Union. As of Oct. 11, importers of brandy originating in the EU will have to put down security deposits mostly ranging from 34.8% to 39.0% of the import value, the Chinese commerce ministry said.
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