Asian demand boosts French cognac
Photo: Gorm Kallestad/NTB/TT

Asian demand boosts French cognac maker Rémy Cointreau, but China remains weak

Increased demand in the Asian market is giving French cognac company Remy Cointreau a boost.

The company's organic sales rose by 1.3 percent in the most recent quarter. However, development in Asia has one exception, namely the Chinese market, which is still considered weak.

The background is last year's trade conflict between Europe and China, in which China imposed tariffs on European cognac in particular.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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