Pernod Ricard CFO Says China Slowdown Is Only Temporary
date:Oct 26, 2012
13.

There have been concerns about slowing growth in Asia, which has become a key growth engine for global drinks companies like Pernod Ricard.

Last week, Diageo PLC (DGE.LN), the world's largest spirits group by revenue, said first-quarter organic sales in the Asian-Pacific region rose only 2% compared with 14% last year, hit by weakness in South Korea and India. And Remy Cointreau SA (RCO.FR) said it detected hesitation from consumers in Asian markets such as China and Vietnam.

Mr. Bogaert
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