Remy's new boss pledges growth in H2

Remy Cointreau’s new chief executive said yesterday he expects the French spirits maker to return to growth in the second half after cost cuts helped soften a first-half profit drop, as he outlined a plan to revive performance.

- DOMINIQUE VIDALON EMMA RUMNEY

An employee walks between copper stills that produce triple sec liqueur, at the Cointreau distillery in Saint-Barthelemy-d'Anjou, France.

(REUTERS)

Shares in the maker of Remy Martin cognac and Cointreau liqueur rose 6% in early trade after first-half operating profit fell 13.6%, less steep than the 18.1% decline anticipated by analysts.