With its core Cognac business continuing to face challenges at retail, Rémy Cointreau reported sales of €735 million ($879m) for the nine months through December, a decline of 1.9% on an organic basis and a 6.6% drop on a reported basis. While the nine-month trend remains negative, Q3 was an improvement, with organic sales up 2.8% to €261 million ($312m), as Cognac shipments continued to rebound in Rémy’s Americas region. Overall, Rémy’s Cognac unit still faced headwinds, seeing sales of €450 million ($538m) for the first nine months of the year, a 4.3% decline on an organic basis (-9.4% reported). The company’s Liqueurs & Spirits division fared better, with sales of €273 million ($326m), an organic gain of 3.7% (-0.4% reported). Rémy noted that Cointreau liqueur and The Botanist gin benefited “from particularly resilient depletions in a muted market at the end of the year.”