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Pernod Ricard remains cautious on travel retail - CFO

reuters.com · 09/01/2021 02:21
Pernod Ricard remains cautious on travel retail - CFO

- French spirits maker Pernod Ricard PDRDF expects global travel retail sales to gradually improve but remains "very cautious" over the next 10 months due to COVID-19 restrictions in some regions, notably Asia-Pacific, its chief financial officer told Reuters on Wednesday.

Helene de Tissot said global travel retail sales, which have been hit by a fall in passenger traffic due to the pandemic, currently made around 5% of group's sales.

Pernod Ricard reported a 40% fall in global travel retail sales in fiscal year 2020/21 ended June 30.


(Reporting by Dominique Vidalon, Editing by Benoit Van Overstraeten)

((dominique.vidalon@thomsonreuters.com; +33149495432; Reuters Messaging: dominique.vidalon.reuters.com@reuters.net))