Pernod Ricard cuts sales guidance over China cognac slump
Pernod, whose brands include Martell and Absolut vodka, said sales will decline by a low-single digit percentage in 2025.
Pernod Ricard Lowers Guidance on China Deterioration, Trade Uncertainty
The French liquor group lowered its expectations for its fiscal year, citing trade tensions and other uncertainties that ...
Business Insider India5 年
The maker of Absolut vodka is getting whacked by China's crackdown on organized crime
Pernod Ricard, the maker of Absolut vodka and Malibu rum, is feeling the pain from China's anti-crime campaign. The liquor giant's sales of Chivas Regal whisky fell last quarter as the Chinese ...
Pernod cuts sales outlook as China's tariffs and weak economy bite
Pernod Ricard cut its sales forecasts for 2025 and beyond on Thursday as tariffs, especially affecting its Martell cognac ...
Pernod Ricard cuts sales outlook due to Chinese tariffs
Pernod Ricard has cut its sales outlook for the year blaming China’s tariffs on brandy imports from the EU for subduing ...