Rémy Cointreau: share price falls as a result of anti-dumping investigation in China
The China Liquor Industry Association is behind the investigation: this national body believes that 'dumping behavior on imported brandy products originating from the EU is impacting and threatening the domestic brandy industry'.
As a result, the Chinese Ministry has decided to open an investigation as of today, and will focus on potential dumping practices on these brandies between October 1, 2022 and September 30, 2023.
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