Drinks giants Pernod Ricard, Rémy Cointreau and Heineken give upbeat market updates as China and US sales rise
Drinks makers gave upbeat updates to the markets this week as hospitality reopens in the UK and global demand – particularly in China and the US – resurges.
Rémy Cointreau said on Friday that it expects a strong start to the financial year, a day after Pernod Ricard – the French drinks group behind Absolut vodka – also offered an upbeat outlook and Heineken said it saw 12.1% growth for its eponymous beer brand in the first quarter.
The Paris-based Rémy Cointreau – maker of Rémy Martin cognac and Cointreau liqueur – said it saw “sharp sales acceleration in the second half”, with 15.1% organic growth between January and March. Increasing demand for its premium cognac in China and the US lifted cognac sales just over 18% in the period.
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