Amidst all the financial global confusion, the sales of luxury goods continue to prove a sound investment.
Although it’s perhaps wise to think that some of the emerging markets might begin to show some kind of slowdown, sales of goods such as cognac to China continue to prove in strong demand. In the case of Remy Cointreau, sales to China account for 40 per cent of their sales and have increased 16 per cent from last year.
To this effect, Barclays have issued a turbo call for the group. It’s considered to be a rather unique investment opportunity, especially since the sale of the Heidsieck Champagne arm of the company earlier in the year. The turbo call offers a considerable leeway for profit of 20 per cent, and this is sure to prove a strong lure for some investors.