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PernodRicard

Noticias

Reuters - Hace 2 días

Remy to raise cognac prices in China to offset tariffs

UPDATE 1-Remy to raise cognac prices in China to offset tariffs Adds details, CFO quotes throughout PARIS/LONDON, Oct 25 (Reuters) - Remy Cointreau RCOP.PA will raise cognac prices in China to help mitigate the impact of tariffs imposed by Beijing on European Union brandy amid a trade dispute, its finance chief told investors on Friday. China imposed provisional tariffs on brandy from the European Union earlier this month, days after the 27-member bloc voted for tariffs on Chinese-made EVs.
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Reuters - Hace 2 días

Remy Cointreau seen down after guidance cut, Q2 miss

BUZZ-Remy Cointreau seen down after guidance cut, Q2 miss ** Remy Cointreau RCOP.PA shares are seen down 3-5% as the French spirits maker no longer forecasts a gradual FY sales recovery, after quarterly sales fell more than expected ** Remy sees a double-digit fall in organic sales for the year, also impacting its profit margin ** Remy's Q2 sales fall 16.1% to 318 million euros ($344 million), below 15.4% drop cited in company consensus ** J.P.
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Reuters - Hace 2 días

Remy abandons hopes for sales recovery as problems mount

UPDATE 4-Remy abandons hopes for sales recovery as problems mount Remy Cointreau expects double-digit sales decline for 2024/25 Beijing's tariffs on EU brandy imports add to challenges Announces 50 million euro cost-cutting plan Adds CFO quotes in paragraphs 5-6; analyst quotes in paragraphs 8-9; updates shares in paragraph 10 By Dominique Vidalon and Emma Rumney PARIS/LONDON, Oct 25 (Reuters) - Remy Cointreau RCOP.PA slashed its full-year guidance on Friday, delaying its recovery from persisten
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Reuters - Hace 2 días

ACCC Does Not Oppose Accolade's Proposed Acquisition Of Pernod Ricard's Brandco Wine Business

BRIEF-ACCC Does Not Oppose Accolade's Proposed Acquisition Of Pernod Ricard's Brandco Wine Business Oct 25 (Reuters) - Australia's ACCC: ACCOLADE'S PROPOSED ACQUISITION OF PERNOD RICARD'S BRANDCO WINE BUSINESS NOT OPPOSED CONSIDER PROPOSED ACQUISITION UNLIKELY TO SUBSTANTIALLY LESSEN COMPETITION IN WINE PROCESSING AND PACKAGING SERVICES PROPOSED AC
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Reuters - Hace 1 semana

Adidas, Bellway, Nestle

EUROPE RESEARCH ROUNDUP- Adidas, Bellway, Nestle Oct 18 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Adidas, Bellway, and Nestle, on Friday. HIGHLIGHTS * Adidas AG ADSGn.DE : Baader Helvea raises to add from reduce * Bellway Plc BWY.L : Peel Hunt cuts to hold from add * Danone DANO.PA : Morgan Stanley cuts to equal weight from overweight * Greencore GNC.L : Deutsche Bank raises to hold from sell * Nestle SA NESN.S : Jefferies cut
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Reuters - Hace 1 semana

French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Oct 18 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. ASCENCIO ASCE.BR Ascencio said on Thursday it will partner with Allego to expand the network of charging stations in Belgium. CASINO GUICHARD PERRACHON CASP.PA Casino has initiated statutory buyout proceedings to acquire the remaining 1.17% of Cnova's share capital, the French supermarket chain sa
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Reuters - Hace 1 semana

Pernod CFO: group eyes "modest" sales growth in FY 2024/25

BRIEF-Pernod CFO: group eyes "modest" sales growth in FY 2024/25 Oct 17 (Reuters) - Pernod Ricard PERP.PA CFO Helene de Tissot tells analysts: GROUP EXPECTS "MODEST" SALES GROWTH IN FY 2024/25 GROUP FORECAST TO SUSTAIN OPERATING MARGIN FOR 2024/25 TAKES INTO ACCOUNT CHINESE TARIFFS IMPACT Source text for Eikon: [ID:] Further company coverage: PERP.
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Reuters - Hace 1 semana

China woes drag down Pernod Ricard first quarter sales

UPDATE 2-China woes drag down Pernod Ricard first quarter sales Q1 sales down 5.9% organic vs Est 4.8% drop FY 2024/25 sales, margin guidance unchanged Pernod working on mitigating impact of Chinese tariffs Adds analyst in paragraph 4, CFO in paras 5 and 12 By Dominique Vidalon and Florence Loeve PARIS, Oct 17 (Reuters) - French spirits maker Pernod Ricard PERP.PA said it still expected to return to sales growth in the 2024/25 fiscal year, despite reporting a bigger-than-expected fall in first q
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Reuters - Hace 1 semana

Pernod CEO: taking actions to mitigate Chinese tariff impact

Pernod CEO: taking actions to mitigate Chinese tariff impact PARIS, Oct 17 (Reuters) - Pernod Ricard PERP.PA is taking actions ranging from adapting its organisation to re-allocating marketing costs to mitigate the impact on its business of Chinese tariffs on cognac imported from the European Union, said CEO Alexandre Ricard. Ricard, who reiterated the group's aim was to protect its operating margin, said Pernod Ricard expected its sales in China in full year 2024/25 to fall by more than the 10%
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Reuters - Hace 1 semana

Pernod Ricard seen down on worse-than-expected sales drop

BUZZ-Pernod Ricard seen down on worse-than-expected sales drop ** Shares in Pernod Ricard PERP.PA are seen down between 2% and 4% in pre-market trade after the group published a worse-than-expected sales decline for the first quarter of the year ** The French spirits producer posted a net sales organic decline of 5.9% at 2.78 billion euros for its
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Reuters - Hace 1 semana

China woes drag down Pernod Ricard's Q1 sales

UPDATE 1-China woes drag down Pernod Ricard's Q1 sales Adds detail and background from paragraph 2 onwards PARIS, Oct 17 (Reuters) - French spirits maker Pernod Ricard PERP.PA said it still expected to return to sales growth in the 2024/25 fiscal year despite reporting a worse-than-expected 5.9% fall in first quarter sales, caused partly by weakness in China.
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Reuters - Hace 1 semana

China woes drag down Pernod Ricard's Q1 sales

RPT-China woes drag down Pernod Ricard's Q1 sales Repeats with no changes PARIS, Oct 17 (Reuters) - French spirits maker Pernod Ricard PERP.PA said it still expected to return to sales growth in the 2024/25 fiscal year despite reporting a worse-than-expected 5.9% fall in first quarter sales, caused partly by weakness in China. Pernod's first quarter sales drop came amid weak consumer demand in China and persistent challenges in the United States.
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Reuters - Hace 1 semana

Trade embargo bars lawsuit against Bacardi over 'Havana Club' rum, US judge rules

Trade embargo bars lawsuit against Bacardi over 'Havana Club' rum, US judge rules By Blake Brittain Oct 16 (Reuters) - The U.S. trade embargo against Cuba prevents a Cuba-owned company from suing Bacardi [RIC:RIC:BCARDU.UL] in the United States for infringing trademarks covering "Havana Club" rum in a long-running dispute over the brand name, a Washington, D.C., federal court has ruled.
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Reuters - Hace 2 semanas

In France's Cognac, Beijing and Brussels' EV spat spells disaster

In France's Cognac, Beijing and Brussels' EV spat spells disaster China's anti-dumping measures hit French brandy Cognac producers fear industry sacrificed for Europe car sector EU-China tariff dispute is double-whammy for EV dealership in Cognac By Sybille de La Hamaide COGNAC, France, Oct 11 (Reuters) - In this grape-growing region of western France, where brandy producers are fretting over the fallout from a trade dispute between the European Union and China, Christophe Bouetard is more worri
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Reuters - Hace 3 semanas

China says anti-dumping move on EU brandy is legitimate trade measure

RPT-UPDATE 1-China says anti-dumping move on EU brandy is legitimate trade measure Repeats with no change to text BEIJING, Oct 9 (Reuters) - China's anti-dumping measures against brandies imported from the European Union are "legitimate trade remedy measures", the commerce ministry said on Wednesday, a day after imposing the temporary curb. French brands such as Hennessy and Remy Martin will face the strictures, adopted just days after the 27-nation bloc voted for tariffs on Chinese-made electri
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Reuters - Hace 3 semanas

China says anti-dumping move on EU brandy is legitimate trade measure

RPT-UPDATE 1-China says anti-dumping move on EU brandy is legitimate trade measure Repeats to more subscribers BEIJING, Oct 9 (Reuters) - China's anti-dumping measures against brandies imported from the European Union are "legitimate trade remedy measures", the commerce ministry said on Wednesday, a day after imposing the temporary curb. French brands such as Hennessy and Remy Martin will face the strictures, adopted just days after the 27-nation bloc voted for tariffs on Chinese-made electric v
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Reuters - Hace 3 semanas

China says anti-dumping move on EU brandy is legitimate trade measure

UPDATE 1-China says anti-dumping move on EU brandy is legitimate trade measure Adds details throughout BEIJING, Oct 9 (Reuters) - China's anti-dumping measures against brandies imported from the European Union are "legitimate trade remedy measures", the commerce ministry said on Wednesday, a day after imposing the temporary curb. French brands such as Hennessy and Remy Martin will face the strictures, adopted just days after the 27-nation bloc voted for tariffs on Chinese-made electric vehicles
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Reuters - Hace 3 semanas

Defensive sectors prop up Europe's STOXX 600 as China jitters persist

Defensive sectors prop up Europe's STOXX 600 as China jitters persist For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Oct 9 (Reuters) - European stocks eked out gains on Wednesday, aided by defensive sectors, as uncertainty around China's stimulus plans kept the mood subdued ahead of key U.S.
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Reuters - Hace 3 semanas

EU says it will 'robustly challenge' China's targeting of brandy at WTO

EU says it will 'robustly challenge' China's targeting of brandy at WTO BRUSSELS, Oct 8 (Reuters) - The European Union will strongly challenge at the World Trade Organisation (WTO) a decision by China to impose temporary anti-dumping measures on imports of brandy from the EU. "Abuse of trade defence for inappropriate reasons is a clear breach of WTO rules.
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Reuters - Hace 3 semanas

Don't abandon us on China, Cognac lobby urges French government

UPDATE 1-Don't abandon us on China, Cognac lobby urges French government Adds full quote from BNIC PARIS, Oct 8 (Reuters) - N ew Chinese duties on European brandy imports would have "catastrophic" consequences for one of France's top export sectors, the BNIC lobby group of Cognac producers said on Tuesday. "Faced with this development, the French authorities cannot abandon us and leave us alone to deal with Chinese retaliation that has nothing to do with us", BNIC said, adding: "These taxes must
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