This article is part-2 of a two-part story we first published on Wednesday chronicling the events leading up to the takeover of SABMiller by AB InBev. The original story first appeared in the Financial Mail, a South African publication and authored by Ann Crotty. We give credits to the author and the team at Financial Mail.
Daily Archives: November 24, 2016
Remy Cointreau’s profit jumps in half-year on U.S. and China strength
French spirits group Remy Cointreau posted a 15% rise in profit in the first-half of the year (Apr – Sept) to €76m ($80.3m), from €68.6m last year. The lift was driven by “robust” demand for its highest end products.
Remy Martin, the group’s flagship brand delivered a 5.1% sales growth in organic terms on “outstanding performances” in the Americas and renewed growth in Greater China.
