Spirit giant Pernod Ricard has reported a recovery in profits after sales were buoyed by the easing of restrictions in the US and China. The Jameson whiskey and Absolut vodka owner also hailed a boost from a “dynamic rebound” in the UK, Germany and Eastern Europe. The group said both sales and profits were above pre-pandemic levels, despite the continued impact of pandemic restrictions on bars and restaurants. Pernod Ricard added that it saw strong sales of Jameson in the US and Martell cognac in China. However, the firm’s wine arm saw strong growth for Campo Viejo offset by declines for its Jacob’s Creek and Kenwood brands.

Source: Irish Independent September 01, 2021 10:18 UTC