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China woes drag down Pernod Ricard first quarter sales

UPDATE 2-China woes drag down Pernod Ricard first quarter sales Q1 sales down 5.9% organic vs Est 4.8% drop FY 2024/25 sales, margin guidance unchanged Pernod working on mitigating impact of Chinese tariffs Adds analyst in paragraph 4, CFO in paras 5 and 12 By Dominique Vidalon and Florence Loeve PARIS, Oct 17 (Reuters) - French spirits maker Pernod Ricard PERP.PA said it still expected to return to sales growth in the 2024/25 fiscal year, despite reporting a bigger-than-expected fall in first q
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China woes drag down Pernod Ricard's Q1 sales

UPDATE 1-China woes drag down Pernod Ricard's Q1 sales Adds detail and background from paragraph 2 onwards PARIS, Oct 17 (Reuters) - French spirits maker Pernod Ricard PERP.PA said it still expected to return to sales growth in the 2024/25 fiscal year despite reporting a worse-than-expected 5.9% fall in first quarter sales, caused partly by weakness in China.
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China woes drag down Pernod Ricard's Q1 sales

RPT-China woes drag down Pernod Ricard's Q1 sales Repeats with no changes PARIS, Oct 17 (Reuters) - French spirits maker Pernod Ricard PERP.PA said it still expected to return to sales growth in the 2024/25 fiscal year despite reporting a worse-than-expected 5.9% fall in first quarter sales, caused partly by weakness in China. Pernod's first quarter sales drop came amid weak consumer demand in China and persistent challenges in the United States.
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Spirits makers exposed to China's EU brandy probe

FACTBOX-Spirits makers exposed to China's EU brandy probe Updates throughout after China announced anti-dumping measures Oct 8 (Reuters) - China on Tuesday imposed temporary anti-dumping measures on brandy imports from the European Union. As of Oct. 11, importers of brandy originating in the EU will have to put down security deposits mostly ranging from 34.8% to 39.0% of the import value, the Chinese commerce ministry said.
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In Russia, an upstart whiskey distiller looks to break the vodka mould

In Russia, an upstart whiskey distiller looks to break the vodka mould By Sergei Berets KEMLYA, Russia, Oct 8 (Reuters) - Russia may be known for its vodka, but in a rural village a few hundred miles east of Moscow, a whiskey distillery is hoping to tempt Russians to embrace a different tipple. Western alcohol producers slashed their exports to Russia after Moscow sent troops into Ukraine in February 2022. Though some brands are now shipped through grey import channels, the sudden supply slump h
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