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Pernod Keeps Profit Outlook; Duffy to Lead North America

  • Earnings set to increase 1-3% despite challenging environment
  • Duffy to lead North America division in management reshuffle
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Pernod Ricard SA, the world’s second-largest distiller, maintained its full-year forecast for profit growth and put the head of its Absolut vodka brand in charge of its North American business as it seeks to stem a decline in market share in the U.S.

The company’s Americas business will be split, with Paul Duffy, the chairman and chief executive officer of The Absolut Co., running a new Pernod Ricard North America unit that comprises the U.S. and Canada, the company said in a statement Thursday. The Latin American operations that had been part of the Americas unit now will report to Pernod Ricard’s Europe, Middle East and Africa unit, according to the statement.