News: Pernod Ricard SA (PERP.PA)
7 Mar 2014
Thu, Feb 13 2014
* Sales fell 18 pct in China in H1, weakness to persist in H2
PARIS, Feb 13 - Pernod Ricard SA : * Shares open down 2 percent percent after it cuts profit goal amid China
PARIS - Pernod Ricard is widely expected to cut its full-year profit goal when it reports first-half earnings on Thursday, reflecting weak demand in China, its second-largest market.
* Stock down 7 pct; Pernod, Remy shares down 3 pct (Rewrites first paragraph, adds details on markets, comment on outlook, changes headline)
PARIS, Jan 28 - French spirits group Pernod Ricard is betting on innovation to drive future growth at a time when acquisition targets are scarce and the group's balance sheet still tight.
LONDON/NEW YORK - Suntory Holdings Ltd on Monday said it would buy U.S. spirits company Beam Inc for $13.6 billion cash in a deal that would make the Japanese company the world's third-largest spirits maker. | Video
SHANGHAI/NEW YORK - Fang Ying's December wish list of Louis Vuitton handbags and Chanel perfume is not only for Christmas. Fang, 33, a secretary working in Shanghai, writes one every month for friends and family travelling abroad.
* Over two-thirds of Chinese luxury shopping done outside China
LONDON - India's United Spirits could attract more buyers for its Whyte & Mackay Scotch whisky business and tip the price over the expected 450 million pounds ($735 million) if it included the single malt Dalmore, sources familiar with the matter say.
* Dalmore would increase list of suitors, price - sources
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- Pernod Ricard: 2013/14 Half-Year Sales and Results
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