Scotch Giant Pernod Reveals Slower Sales but Sticks to 1bn Profits Goal
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Summary
SPIRITS giant Pernod Ricard, the second-biggest Scotch whisky maker, yesterday unveiled a slump in sales in its third quarter, but forecast an improvement in Q4.
Pernod, which operates in Scotland through its Chivas Brothers subsidiary, blamed destocking, mainly in the US and eastern Europe, for a 12 per cent drop in like-for-like sales in the three months to March.See the full content of this document
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Scotch Giant Pernod Reveals Slower Sales but Sticks to 1bn Profits Goal
Pierre Pringuet, chief executive, admitted that trading had been well below the global trend in spirit consumptio...
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