Cointreau chases Chinese sales

French spirits group Remy Cointreau has forecast a return to growth in the key Chinese market next year on the back of increased promotional efforts, hoping to buck a trend that sent cognac sales down 32 per cent in the third quarter. Group sales reached €287.6m (£235.7m) in the final three months of the year. On a comparable basis, sales fell 18.9 per cent in the quarter, against a 5.3 per cent drop in the second quarter and well below analyst forecasts.