Pernod Falls on Outlook for Shrinking Chinese Spirits Market

  • 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 Hit by China

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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