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Falling sales in US and Europe hit Pernod

WEAKNESSES IN the United States and Europe have had a negative impact on Pernod Ricard, although emerging markets in Asia went some wayto offset  the weaknesses.

It has reported a 3% fall in like-for-like sales for its fiscal half-year. These sales  improved in the second quarter, to a 2% fall against a 4% decline in the first quarter.

Spirits brands fared better than wine and Champagne brands, which included Montana and Perrier Jouet, it says.

But there has been a good performance in China, says the company, with confirmed dynamism in China and India and the first signs of recovery in South Korea and duty free markets.

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