Constellation Brands’ announcement this week that it expects to make a major impairment on its wine-and-spirits division has added to the scrutiny on that part of the US drinks giant’s business.
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.
Jessica Broadbent February 15 2024
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