REMY Cointreau’s Bruichladdich whisky and gin brands have “confirmed their positive momentum” in the three months to June 30, writes Scott Wright.
The Paris-listed drinks giant, which acquired the Islay-based business for £58 million in 2012, said the momentum behind the Bruichladdich business has been driven by sales of gin brand The Botanist. The update for Progressive Hebridean Distillers, the name under which the Bruichladdich operation trades, came as Remy posted sales of €240.2 million for its first quarter, a 9.9 per cent rise in reported terms and an uplift of eight per cent on an organic, like for like basis.
The company said the reported figures had benefited from favourable exchange rates and the acquisition of Domaines des Hautes Glaces, a distillery in the French Alps, and Westland, an American-style single malt distilled in Seattle. Both were brought into the Remy fold in January.
However, Remy said its first-quarter had been driven by a “remarkable performance” by House of Remy Martin, which saw sales rise 20.5 per cent, on a reported basis, to €156.6m. The Cognac benefited from “highly favourable trends in continental China”, where sales of luxury spirits have been staging a recovery after several years of decline. It also performed well in Macao, Hong Kong and Japan.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here