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Rémy Cointreau Cuts Targets After Sales Drop, Warns of Tariff Headwinds
- On June 4, 2025, French spirits company Remy Cointreau announced it cut its long-term 2029-2030 sales targets amid a sales and profit drop mainly affecting its US and China markets.
- The company cited tariff pressures from US and China trade disputes, weak luxury demand, and macroeconomic uncertainty as reasons forcing it to withdraw these growth objectives.
- Remy reported a 4.8% sales decline to €984.6 million and a 30.5% operating profit drop to €217 million in fiscal 2024/2025, partially offset by €85 million in cost savings.
- The company warned that tariff increases could reduce operating profit by up to €100 million gross, but expects to mitigate about 35% through operational actions, limiting net impact to €65 million.
- Incoming CEO Franck Marilly, appointed on June 25, 2025, will establish a new strategic roadmap focused on more modest mid-single-digit sales growth amid ongoing global trade tensions.
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Rémy Cointreau hit by Trump's import tariffs as well - RetailDetail EU
French drinks group Rémy Cointreau, known for Rémy Martin and Cointreau liqueur, is going through hard times. Amidst plummeting cognac sales and geopolitical uncertainty, both turnover and profits are in free fall. 100 million euro tariff hit looms For the financial year ending 31 March 2025, the French drinks holding company saw its turnover fall by 18% to 985 million euros. Operating profit took a 29% hit, coming in at 217 million euros. Net p…
For this year, the company predicted that the organic growth of sales would return to an average rate, although the result depends on the rates.
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Coverage Details
Total News Sources16
Leaning Left2Leaning Right4Center3Last UpdatedBias Distribution45% Right
Bias Distribution
- 45% of the sources lean Right
45% Right
L 22%
C 33%
R 45%
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