date:Jul 22, 2014
on contract in the US (27.0 million effect).
Divisional sales analysis:
Rmy Martin (15.3% organic decline)
In the first quarter, the level of sales achieved by the House of Rmy Martin was due a) to the continued destocking in Asia, b) to a high comparative in the US, which overshadowed the positive momentum of our superior qualities in this market, and c) to a still challenging macro-economic and competitive environment, particularly in Western Europe.
Liqueurs Spirits (11.3% organic growth