Head of Pernod Ricard Asia: business is recovering

Bottles of single malt scotch whisky The Glenlivet are pictured in a shop near Lausanne, Switzerland May 18, 2017. REUTERS/Denis Balibouse/File Photo/File Photo

PARIS, June 22 (Reuters) – The head of the Asian division of French drinks group Pernod Ricard (PERP.PA) said on a company presentation that Pernod’s Asian unit was rebounding, despite the challenges posed by the COVID-19 pandemic.

“Today I am proud to tell you that despite the pandemic and the many uncertainties we have to navigate through, our business is resilient, rebounding and continuing its transformation,” said Pernod Ricard Asia Chairman and CEO Philippe Guettat on a company YouTube presentation. (https://www.youtube.com/watch?v=O-94LTiijnE)

In April, Pernod had said it expected 10% organic profit growth for its 2020/2021 financial year after strong demand in its key U.S. and Chinese markets helped the French spirits group beat third quarter sales forecasts. read more

Reporting by Sudip…

Read more…