Remy stays elite as its rivals look elsewhere

If China's thirst for luxury goods is on the wane, nobody's told Remy Cointreau SA.

The distiller has opened its first-ever store dedicated entirely to Louis XIII cognac, the most expensive variant of the company's Remy Martin brand, which comprises 60 percent of its revenue.

It comes in crystal decanters ranging from tiny $600 5-centiliter miniatures to an $80,000 six-liter vessel dubbed a "methuselah."