Rémy Cointreau To Exit Partner Brands Contracts After H1 Sales Slide
Spirits group Rémy Cointreau has announced that it plans to 'terminate' its distribution contracts for its Partner Brands in the Czech Republic, Slovakia and the US, after the decline in this division led to the group posting a drop in sales in the first half.
Rémy Cointreau posted a 0.6% decline in reported sales (and a 3.6% decline) in organic sales for the period, after the Partner Brands division saw a 7.14% decline in sales, due to the 'termination of large distribution contracts', the group said in a statement.
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