Remy Cointreau Lifts Outlook Over Smaller US Tariff Hit

Remy Cointreau SA expects to take a smaller hit to profits from tariffs than previously forecast, after the US announced a 15% levy on European exports.

The French Cognac maker sees a €30 million ($35 million) reduction in core operating profit for its current financial year, compared with €45 million previously. That includes the impact of anti-dumping measures in China.