Pernod Ricard Sees Long-Term Asia Outlook as Very Favorable
04 June 2019 - 6:24PM
Dow Jones News
By Anthony Shevlin
Pernod Ricard SA (RI.FR) sees its long-term outlook in Asia as
very favorable, according to a presentation posted online
Tuesday.
The French spirits maker said it is uniquely positioned to
capture both present and future growth opportunities in the key
China market. Pernod Ricard aims to double the imported spirits
market in the country to 2% in 2025 from 1% in 2017.
The company's strategy of a premium sales mix and price
increases is expected to further boost its top-line growth in
China.
In India, Pernod Ricard said it aims to consolidate its leading
position in the industry.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com;
@anthony_shevlin
(END) Dow Jones Newswires
June 04, 2019 04:09 ET (08:09 GMT)
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