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Remy Cointreau SA on Friday forecast organic sales will remain stable in the year ahead after it reported higher sales for the fourth quarter and fiscal 2023 as a whole.
The French cognac maker FR:RCO said it anticipates a sharp sales decline in the first half of fiscal 2024, due to weakness in the U.S. and high year-earlier comparisons, and a strong recovery in the second half driven by a U.S. rebound that is expected to start in the third quarter.
It…
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