Remy Cointreau confident on China after weak start of year
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PARIS (Reuters) - French spirits group Remy Cointreau on Thursday expressed confidence revenue would rise in the second quarter after a weak start to the year and said that it could deliver double-digit sales growth in China.The company has been focusing on selling spirits priced at $50 a bottle or more as part of a strategy that has benefited from a rebound in Chinese demand.But price increases from April, although well flagged, contributed to a 3% fall in sales in the first quarter, with the..