Pernod Ricard growth returns, despite China slump
The company on Thursday reported 2.04 billion euros ($2.58 billion) in sales for its July-September first quarter, up 2 percent. Sales dropped 9 percent in China, the biggest of the Asian markets. Europe, where a weak economy weighs heavily, saw sales decline 1 percent.
The company said Scotch whiskies rebounded sharply, with sales up 9 percent for brands including Chivas, Ballantine's and Glenlivet, while wine sales fell, notably with the Jacob's Creek label. It predicted growth between 1 and 3 percent for the fiscal year.(dpa)
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