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The Wall Street Publication > Blog > Markets > Rémy Cointreau Moves Into Luxury’s Big League
Markets

Rémy Cointreau Moves Into Luxury’s Big League

Editorial Board Published November 25, 2021
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Rémy Cointreau Moves Into Luxury’s Big League
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Should a company selling expensive liquor that can be polished off in a night be valued as highly as one that makes heirloom handbags? Potent half-year profits strengthen Rémy Cointreau ’s argument that it should.

On Thursday, the Paris-based owner of Rémy Martin cognac as well as more mainstream drinks including the Botanist gin said sales increased 27% in the six months through September compared with the same period of pre-pandemic 2019, while operating profit gained 59%. Profitability was much better than stock analysts expected, sending the shares up 11% in morning European trading.

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