Pursuits

China’s Aftershock Ripples Through Sales of Cognac to Ore

REMY MARTIN

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China’s market slump is making itself felt in corporate earnings around the world.

French distiller Remy Cointreau SA, U.S. fast-food company Yum! Brands Inc., U.K. luxury-goods maker Burberry Group Plc and South Africa’s Kumba Iron Ore Ltd. are among the companies taking a hit from China, where a monthlong rout in stocks wiped out almost $4 trillion in market value. The International Monetary Fund sees China’s economy expanding this year at the slowest rate since 1990, and said the country is a source of potential risk to global growth.