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COVID restrictions to weigh on Pernod Ricard sales in China By Reuters

© Reuters. FILE PHOTO: A logo is seen on a bottle of the Ricard aniseed-flavoured beverage displayed during French drinks maker Pernod Ricard news conference to announce the company annual results in Paris, France, August 29, 2018. REUTERS/Christian Hartmann

PARIS (Reuters) – French spirits maker Pernod Ricard (EPA:) expects the coming weeks in China to remain difficult amid restrictions tied to the COVID-19 crisis in the country, its Chief Financial Officer told Reuters on Thursday.

“March was very impacted by the start of COVID restrictions and we are expecting an impact in the fourth quarter. Much will depend on how fast these restrictions can be lifted but the coming weeks may be difficult. This is part of our forecasts for the year,” Helene de Tissot told Reuters by phone.

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