By John Glenday

Wine and spirit specialists Pernod Ricard has reported sales of € 6,186m in the first nine months of the 2013/14 financial year, a stable performance from the first half but which nevertheless represents a 7 per cent decline once unfavourable foreign exchange rates are factored in.

The French drinks firm reported organic growth of 4 per cent in the Americas thanks primarily to the powerhouses of Brazil and the US, although growth in the latter slowed slightly from the first half of the year.

Europe meanwhile was a tale of two halves with performance stable in Western Europe at 2 per cent Read full story ›

Source: The Drum