Pernod Falls on Outlook for Shrinking Chinese Spirits MarketBy
Cognac maker forecasts country's market declining 5% to 10%
Shares fall as much as 7.2%, the most in almost six months
Pernod Ricard SA fell the most in almost six months after the world’s second-largest distiller said it expects the Chinese market for spirits to shrink, contrasting with signs of a rebound seen by Remy Cointreau SA and LVMH.
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