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A couple walk with Hermes shopping bags as they leave an Hermes store in Paris March 21, 2013. Hermes (HRMS.PA) and Pernod Ricard (PERP.PA) both said they will continue to raise prices, after beating expectations in the July-September quarter. Mainland China also saw a strong rebound after COVID-19 restrictions were lifted, although some restrictions have since been reimposed. PRICE RISESThe world's biggest luxury group LVMH (LVMH.PA) last week kicked off the earnings season with forecast-beating sales -- and no signs of a let-up in demand. The results from Pernod and Hermes bode well for beauty giant L'Oreal (OREP.PA) and Gucci-owner Kering (PRTP.PA), which both report results later on Thursday.
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.
The customs authority says Pernod did so to evade full payment of import taxes. Pernod has been "a habitual litigant and always attempts to abuse the due process of law," the filing added, referring to some previous tax demands Pernod challenged in India. It declined further comment due to ongoing litigation and because the filing by the customs authority wasn't public. To compensate for the undervalued imports, Pernod paid "hefty" dividends to the group's holding company, Pernod Ricard in France, which also owns Chivas Brothers, the investigation found. Last week, Pernod said its India CEO, Thibault Cuny, had stepped down due to health reasons.
Pernod Ricard said Codigo would complement its broad portfolio of products. Pernod Ricard SA has agreed to buy a majority stake in Codigo 1530 Tequila, a premium spirits brand backed by country-music star George Strait, in the distiller’s latest move to boost its exposure to high-end booze in the U.S. The French company said late Monday it would pay an undisclosed sum to acquire a majority stake in Codigo, which produces a range of ultrapremium and prestige tequilas.
Cuny, who has been dealing with health concerns for some years, will take a break from his professional duties on medical advice, but will stay on with Pernod, the company said in its statement to Reuters. Cuny took over as the managing director and CEO of Pernod Ricard South Asia in 2019 after serving as Pernod Ricard Brazil as president and CEO. The company, which is embroiled in various tax and legal battles, is the second biggest spirits player in India where it competes with the likes of Diageo (DGE.L). Reuters reported last week Indian tax authorities, following an investigation, have demanded $244 million from Pernod India for undervaluing certain liquor imports for over a decade to avoid full payment of federal duties. In the interim, Philippe Guettat, Chairman and CEO of Pernod Ricard Asia, will take charge of Pernod Ricard South Asia, including India, the company said.
Pilotul francez va testa un monopost Mercedes înaintea Marelui Premiu al Franței, programat la sfârșitul lunii iunie pe circuitul "Paul Ricard". "Să urc într-un bolid de Formula 1 e ceea ce mă face să fiu eu însumi, pentru că în ultimii 10 ani doar asta am făcut. Atunci când urci într-un Mercedes e un moment special, e un bolid care a câștigat mai multe titluri mondiale, e o echipă care a făcut treabă bună în ultimii ani. ", a spus fostul pilot Formula 1, Romain Grosjean. Accidentul de anul trecut i-a încheiat cariera în Formula 1 pilotului în vârstă de 35 de ani.
Persons: Romain Grosjean, Paul Ricard, Grosjean, Toto Wolff Organizations: Mercedes, Bahrainului Locations: Franței
The following is a preview of one Media, Advertising, and Marketing report, Clubhouse and Social Audio 2021. But any marketer that's active in social media should weigh the drawbacks of entering social audio right now. Social audio sits at the juncture of four activities: social media, digital audio, virtual events, and conversations. For now, social audio is a fraction of the size of social networking or podcasting. Social audio marketing efforts: minimal payoffMarketers shouldn't enter social audio in 2021 with the idea of generating a massive return.
Cine sunt victimele atacului din Franța
  + stars: | 2020-10-30 | by ( ) www.realitatea.md   time to read: +1 min
Foto: abcnews.comPrima victimă a atacului cu cuţitul din bazilica Notre Dame din Nisa este o femeie în vârstă de 60 de ani, care a suferit „o tăiere a gâtului care echivalează cu o decapitare”, conform informaţiilor furnizate de procurorul şef antiterorism al Franţei. Un exemplar al Coranului, două telefoane, un cuţit cu o lamă de 17 cm, folosit în atac, precum şi alte două cuţite neutilizate au fost găsite la locul atacului. Parchetul Naţional Antiterorist (PNAT) a deschis o anchetă pentru „asasinat şi tentativă de asasinat având legătură cu o faptă teroristă”. Agresorul, rănit în timpul intervenţiei poliţiei, a fost transportat la spital. Atacul a fost comis în ziua în care musulmanii celebrează naşterea profetului Mohamed.
Persons: cetățeană, Braziliei, Jean - Francois Ricard, Ricard, profetului Mohamed . Locations: Nisa, Dame, Antiterorist, Nisa
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