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International Business Times
International Business Times
Business

Cognac Maker Remy Cointreau Lifts Guidance After China Deal

China European Union Euro United States
Tariffs and the strong euro are weighing upon Remy Cointreau's sales and profit (Credit: AFP)

French drinks group Remy Cointreau lifted Friday its outlook for the year after a deal between the EU and China on cognac imports, but now expects a stiffer impact from US levies and the strong euro.

The group, which makes Remy Martin and Louis XIII cognac as well as Cointreau orange liqueur, now targets a mid-to-high-single-digits decline in adjusted operating profit for its 2025-2026 financial year, compared with the mid-to-high-teens decline previously forecasted.

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