date:Nov 27, 2013
als such as Diageo Plc and Pernod Ricard SA, Remy has been hit by a Chinese government crackdown on gift-giving and personal spending by civil servants, as well as slowing economic growth in the world's second-biggest economy.
Pernod for instance flagged this issue earlier this year, saying business during the Chinese New Year was softer this year than last.
Yet the emerging concern is that the squeeze is continuing with no signs of when demand will pick up.
Analysts at brokerage Liberum Capi