Latest news with #Cointreau
Fashion Network
31 minutes ago
- Business
- Fashion Network
Remy Cointreau withdraws its mid-term goals and posts lower annual profits
French spirits group Remy Cointreau reported a smaller-than-expected 30.5% drop in annual organic operating profit, withdrew its mid-term goals, and said sales would return to mid-to-single-digit growth during the next financial year. The maker of Remy Martin cognac and Cointreau liqueur said on Wednesday that the lower profits reflected weak sales in its key markets of China and the United States, where the group also faces tariff threats. Remy Cointreau, which last week named luxury goods veteran Franck Marilly as its new chief executive, said it had decided to withdraw its objectives for 2029–30, citing continued uncertainty around tariffs. Its group operating profit fell 30.5% on an organic basis to 217 million euros ($246.7 million) for the full year ended March 31, 2025. This compares with analysts' expectations of a 31.7% fall in a company-compiled consensus of 15 analysts. ($1 = 0.8796 euros)
Fashion Network
2 hours ago
- Business
- Fashion Network
Remy Cointreau withdraws its mid-term goals and posts lower annual profits
French spirits group Remy Cointreau reported a smaller-than-expected 30.5% drop in annual organic operating profit, withdrew its mid-term goals, and said sales would return to mid-to-single-digit growth during the next financial year. The maker of Remy Martin cognac and Cointreau liqueur said on Wednesday that the lower profits reflected weak sales in its key markets of China and the United States, where the group also faces tariff threats. Remy Cointreau, which last week named luxury goods veteran Franck Marilly as its new chief executive, said it had decided to withdraw its objectives for 2029–30, citing continued uncertainty around tariffs. Its group operating profit fell 30.5% on an organic basis to 217 million euros ($246.7 million) for the full year ended March 31, 2025. This compares with analysts' expectations of a 31.7% fall in a company-compiled consensus of 15 analysts. ($1 = 0.8796 euros) © Thomson Reuters 2025 All rights reserved.
Yahoo
12 hours ago
- Business
- Yahoo
Remy Cointreau withdraws mid-term goals, posts lower annual profits
By Dominique Vidalon PARIS (Reuters) -French spirits group Remy Cointreau reported a smaller-than-expected 30.5% drop in annual organic operating profit, withdrew its mid-term goals and said sales would return to mid-to-single-digit growth during the next financial year. The company, which makes Remy Martin cognac and Cointreau liqueur, said on Wednesday that the lower profits reflected weak sales in its key markets of China and the United States, where the group also faces tariff threats. This was partially offset by cost cuts worth 85 million euros ($97 million), which outpaced an initial cost savings plan of 50 million euros. Remy Cointreau, which last week named luxury goods veteran Franck Marilly as its new chief executive, said it had decided to withdraw its objectives for 2029-30, citing continued uncertainty tariffs. Its group operating profit fell 30.5% on an organic basis to 217 million euros ($247 million) for the full year ended March 31, 2025. Analysts had expected a fall of 31.7%, according to a company-compiled consensus of 15 analysts. The company makes around 70% of its sales from cognac, mostly in the U.S. and China. Remy's sales have come under pressure amid a sluggish Chinese economy and threats of tariffs on European brandy. Meanwhile, high interest rates and inflation have led to steep sales declines in the United States, where Remy's rivals have also been cutting prices and eating into the firm's market share. For the financial year 2026, Remy Cointreau estimates, under what it calls its "worst case scenario", it could suffer an organic decline in current operating profit in the mid-teen to high-teen range as a result of U.S. and Chinese tariffs. ($1 = 0.8800 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
NZ Herald
5 days ago
- Lifestyle
- NZ Herald
Get creative with three Vietnamese recipes by Melbourne based chef, Thi Li
I love really retro desserts, particularly those that involve ice-creams, custards and jelly. This dessert is a throwback to ones I used to regularly enjoy at an all-Australian family's house, involving tinned fruits, custards and a healthy splash of Cointreau. This dessert is all at once cold and warming, with
Scotsman
20-05-2025
- Entertainment
- Scotsman
Duck & Waffle Edinburgh heats up summer with 'Tequila Edit'
This summer, Duck & Waffle Edinburgh is raising the bar with The Tequila Edit - a bold, limited-edition menu that reimagines what tequila can be with five inventive cocktails, each handcrafted by a member of Duck & Waffle's talented team. Sign up to our Arts and Culture newsletter, get the latest news and reviews from our specialist arts writers Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Launching from this week with mezcal's smoky depth to tropical fruit, matcha, and coffee infusions, each creation pushes the boundaries far beyond the classic tequila cocktail - playful, surprising, and available all day. Alexander Winter, General Manager of Duck & Waffle Edinburgh, says: 'Our bartenders aren't just mixing drinks - they're telling stories. This new menu celebrates their creativity and offers our guests a fresh, unexpected take on a classic cocktail". Highlights from The Tequila Edit include; MAIN CHARACTER MARG Advertisement Hide Ad Advertisement Hide Ad MAIN CHARACTER MARG - El Rayo tequila, Amaro Montenegro, Aperol, house pickle blend, chili, lemon juice El Rayo tequila, Amaro Montenegro, Aperol, house pickle blend, chili, lemon juice. Served up. Zesty, spicy, and ready to party. MATCHA BETTER El Rayo tequila, matcha agave, lime juice, strawberry foam. Served up. Bright, bold, and smooth as silk. Tequila drinks can be enjoyed on the stunning Terrace at St James Quarter COFFEE & CO El Rayo tequila, cold brew coffee, Planteray pineapple rum, coconut-pineapple cordial. Served up. Smooth, strong, and full of surprises. GINGER GRASS The new tequila cocktail menu is available all Summer El Rayo tequila, Cointreau, Limoncello, agave, ginger, lemongrass, lemon juice. Served up. Refreshing and vibrant with a zesty finish. KIWI-RITA El Rayo tequila, kiwi, agave, lime juice. Advertisement Hide Ad Advertisement Hide Ad Served short over a block of ice. A tropical twist with a tangy punch. TEQUILA COCKTAIL FLIGHT Choose any three - a curated journey through bold flavour and spirited creativity for £25 Guests can enjoy The Tequila Edit all summer long at Duck & Waffle's terrace and bar - with views of the city offering the perfect setting to toast long days, late nights, and everything in between. So pull up a seat, raise a glass and let 'The Tequila Edit' rewrite the rules on summer sipping. Reservations for the new Tequila Edit menu can be made by visiting
