Cognac Units the EV Commerce Conflict Alight

Volkswagen and Stellantis may transform greater victims of China’s investigation into European liquor than Rémy Cointreau and Pernod Ricard.

Beijing has launched an antidumping probe into brandy imported from the European Union. The concept France is dumping cognac on China might sound laughable, however that didn’t cease buyers from dumping cognac shares on Friday. Shares in Rémy Cointreau, the corporate behind Rémy Martin, fell 15% in morning buying and selling, whereas these of the bigger Pernod Ricard, which makes Martell, have been down 5%.