Weak consumer confidence in China hit sales at Pernod Ricard in the first half of its 2024 financial year but the drinks major remains confident in the country’s potential, it said.
Chinese customers have “money in bank” but aren’t spending, says Pernod Ricard CEO
Pernod Ricard cited weak consumer confidence in China as a key factor for falling sales in H1 2024 but remains “confident” in the country’s potential.