TARBERT, UNITED KINGDOM - MARCH 06: A worker at Bruichladdich distillery takes a whisky sample from a cask March 6, 2006, Bruichladdich in Islay. Bruichladdich will use an ancient recipe to distiled at 90%. (Photo by Jeff J Mitchell/Getty Images).
REMY Cointreau, the French drinks giant that owns the Bruichladdich malt whisky business on Islay, said its revenue reached €223.2 million in the first quarter, up 0.4 per cent.
It said organic growth fell 3% following the voluntary withdrawal from partner brands and “one-off technical effects of price increases at the beginning of the fiscal year”.
READ MORE: Management change looming at owner of Islay whisky distillery
The end of contracts in the US, Slovakia, and the Czech Republic is thought to have cost €53m in sales. Group brands saw continued growth at 3.3% .
The House of Remy Martin grew 5.5%. Remy Cointreau said earlier its chief executive, Valerie Chapoulaud-Floquet, is to step down for personal reasons.
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