Remy Cointreau Sees China's Ruling On EU Brandy Duties As 'More Favourable Outcome'
ReutersJul 4, 2025 8:54 AM
July 4 (Reuters) - Remy Cointreau SA RCOP.PA:
PRICE UNDERTAKING AGREEMENT IN CHINA FOR RÉMY COINTREAU
CERTAIN COGNAC STAKEHOLDERS AFFECTED BY PROCEDURE COMMIT, EACH ACCORDING TO THEIR OWN TERMS, TO COMPLY WITH MINIMUM IMPORT PRICE IN CHINA
CHINA AGREEMENT REPRESENTS SIGNIFICANTLY MORE FAVORABLE OUTCOME, OR AT VERY LEAST, A SUBSTANTIALLY LESS PUNITIVE ALTERNATIVE
STILL AWAITING FURTHER DETAILS REGARDING PRACTICAL ARRANGEMENTS FOR IMPLEMENTING THIS AGREEMENT
WILL UPDATE ITS ANNUAL GUIDANCE WHEN PUBLISHING FIRST-QUARTER RESULTS ON JULY 25
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