date:Jun 06, 2014
Under President Xi Jinpings leadership, Chinese authorities have been scaling back spending on expensive gift-giving and luxury banquets as part of a drive to halt corruption. The decline in demand at Remy, which also sells Cointreau liquor, Mount Gay rum and Bruichladdich whisky, has led to a 21% slide in the French companys stock price in the last year.
Amid an uncertain environment due to a transforming Chinese spirits market and a weak macro-economy in western Europe, Remy will continue to