Pernod Ricard in sales decline
DRINKS company Pernod Ricard, the maker of Jameson whisky, yesterday reported a four per cent decline in revenue to €1.64bn (£1.48bn), in line with company expectations.
Sales in the group’s first quarter ending 30 September fell 6.3 per cent, with wine and champagne sales diving 13 per cent.
Chief executive Pierre Pringuet said that the global market was showing “signs of improvement”.
The group said sales in emerging markets grew by 3.4 per cent, but this was dented by a 18 per cent drop in European sales.