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Pernod Ricard Sales Decline
- Pernod Ricard reported a 0.1% rise in third-quarter sales.
- Pernod Ricard warned that annual sales could fall 3% to 4% due to the ongoing Iran war and weak demand in the United States and China.
- Pernod Ricard is in merger talks with Brown-Forman.
- Sazerac has submitted a competing $15 billion bid for Brown-Forman.
- Pernod Ricard's shares fell more than 2% following the outlook downgrade.
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