The epic cognac party that lifted Rémy Cointreau's sales and profit during the pandemic is truly over. Shares in the Paris-listed luxury liquor company jumped 5% at the open Thursday, before losing some of their gains in morning trading. The maker of ultra-expensive drinks like Louis XIII cognac already reported a 19% fall in full-year sales a few weeks ago, setting a low bar for earnings.
Carol Ryan is a journalist who writes for The Wall Street Journal, LiveMint, and Yahoo Finance. Her work has also been featured in publications such as The Capital Press and MailOnline. Carol covers a range of topics including finance, energy, property, and global events.