Daily Archives: November 24, 2016

The rise and sudden demise of SABMiller

November 24, 2016   Editor   No comments

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.

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Remy Cointreau’s profit jumps in half-year on U.S. and China strength

November 24, 2016   Editor   No comments

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.

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