Remy, Pernod Get Breathing Room as China Lays Ground for Duties
- Pernod says US, China sales to remain soft this quarter
- China says EU dumping of brandy hurt domestic producers
Bottles of Absolut Vodka for sale at a duty free store at the SAT-1 terminal at Suvarnabhumi Airport in Bangkok.
Photographer: Valeria Mongelli/BloombergThis article is for subscribers only.
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Remy Cointreau SA and Pernod Ricard SA got a temporary boost to their shares after China said it won’t immediately impose duties on brandy from the European Union, but Beijing signaled that stiff penalties may lie ahead for the sector.