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Top related persons:
Pernod Ricard - 2 Mumm - 2 Regis - 1 PERP.PA - 1 Pernod - 1 Alexandre Ricard - 1 Ricard - 1 Martell - 1
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China Americas Lormont Bordeaux France LONDON United States India
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REUTERS - 2 Diageo - 2 Thomson - 2 Ricard - 1 Investors - 1 Pernod - 1 X - 1

Search resuls for: "Mumm"


5 mentions found


☆ Pernod Ricard confident on FY sales growth despite soft Q1
  + stars: | 2023-10-19 | by ( Dominique Vidalon Emma Rumney | Dominique Vidalon | Emma Rumney | ) www.reuters.com   time to read: +2 min
Bottles of Ricard's aniseed-flavoured beverage are pictured at the Ricard manufacturing unit in Lormont, near Bordeaux, France February 15, 2019. REUTERS/Regis Duvignau/File Photo Acquire Licensing RightsPARIS/LONDON, Oct 19 (Reuters) - French spirits maker Pernod Ricard (PERP.PA) said on Thursday it expected to grow sales over the coming year, despite a difficult first quarter marred by big drops in sales in the United States and China. Pernod struggled as a tough economy in China dampened demand and amid inventory adjustments in the United States, where sales are also normalising after a post-COVID surge. "I am confident that we can deliver broad-based and diversified sales growth in FY24," Ricard said in a statement. But, he continued, it's not clear to what degree there will have been improvement in the economic environment hurting Pernod's performance right now.
Persons: Regis, Pernod Ricard, PERP.PA, Pernod, Alexandre Ricard, Ricard, Martell, Mumm, Pernod's, Bernstein, Trevor Stirling, it's, Helene de Tissot, Dominique Vidalon, Emma Rumney, Sherry Jacob, Phillips, Mark Potter Organizations: Ricard, REUTERS, Diageo, Thomson Locations: Lormont, Bordeaux, France, LONDON, United States, China, India, Americas, Paris, London
☆ Pernod Ricard shares face a lengthy dry spell
  + stars: | 2023-08-31 | by ( ) www.reuters.com   time to read: +2 min
A glass of cognac is pictured on a bar in the Manhattan borough of New York City, November 13, 2015. REUTERS/Mike Segar Acquire Licensing RightsLONDON, Aug 31 (Reuters Breakingviews) - Pernod Ricard (PERP.PA) shareholders have few reasons to cheer. The owner of Mumm champagne and Absolut Vodka said that China’s property crunch was making wholesalers cautious and keeping punters out of nightclubs. China has been a key source of growth for drink-makers: helped by Asia, Pernod Ricard’s sales outside of Europe and the Americas grew 17% in 2023. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Mike Segar, Pernod Ricard, Mumm, Remy Cointreau, Aimee Donnellan, Mukesh Ambani’s, Neil Unmack, Oliver Taslic Organizations: REUTERS, Reuters, Investors, Pernod, Diageo, X, Thomson Locations: Manhattan, New York City, U.S, China, Asia, Europe, Americas
☆ A Texas professor failed more than half of his class after ChatGPT falsely claimed it wrote their papers
  + stars: | 2023-05-17 | by ( Sophia Ankel | ) www.businessinsider.com   time to read: +3 min
A professor at Texas A&M University tried to fail some students, Rolling Stone reported on Tuesday. He said he used ChatGPT to test whether they'd used the software to write the papers. A professor at Texas A&M failed more than half of his class after ChatGPT falsely claimed it wrote their papers, prompting the university to withhold their diplomas, Rolling Stone reported on Tuesday. In a follow-up post, DearKick wrote that several students wrote to Mumm to show him their timestamped Google Docs in an effort to prove that they did not use ChatGPT. While some schools in Texas have banned students from using ChatGPT, others are trying to incorporate the AI chatbot
☆ Pernod Ricard eyes more price hikes in second half, confident on China
  + stars: | 2023-02-16 | by ( Dominique Vidalon | ) www.reuters.com   time to read: +2 min
The world's second largest spirits group after Diageo (DGE.L) reported forecast-beating first-half profit and sales, helped by price hikes of around 10%. During the COVID pandemic Pernod Ricard and its rivals benefited from people drinking more expensive types of alcohol at home. There have been, however, growing signs the spirits industry growth was stabilising, notably in the United States, as positive effects from the pandemic fizzle out. The strong first-half reflected a 5% rise in the United States, Pernod's top market, with growth driven by strong price hikes across its portfolio. In China, first-half sales grew 4%, reflecting a strong first quarter with solid demand for Martell cognac during the Mid-Autumn festival but a soft second quarter due to COVID-19 restrictions.
☆ Pernod Ricard confident over FY as Q1 sales beat expectations
  + stars: | 2022-10-20 | by ( Dominique Vidalon | ) www.reuters.com   time to read: +2 min
REUTERS/Denis Balibouse/File PhotoPARIS, Oct 20 (Reuters) - French spirits maker Pernod Ricard (PERP.PA) said on Thursday it was confident sales growth would remain dynamic through its 2023 fiscal year after it delivered a forecast-beating 11% sales growth in the first quarter helped by price increases in the United States, its top market. Pernod, the world's second-biggest spirits group behind Diageo (DGE.L), said the strong start to the year also reflected strong demand in China and in India and a continued rebound in global travel retail. "I am hugely encouraged by our start to the year," Chairman and CEO Alexandre Ricard said in a statement. In China alone, sales rose 9% in the first quarter thanks strong mid-Autumn festival sales. The Martell cognac brand recorded double-digit sales growth during the quarter in China despite COVID restrictions.
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