BMI Thinks Pernod Ricard Will Make Further Major Asset Sales

After reporting a sales decline for its fiscal full year, drinks giant Pernod Ricard has again stated that it will focus on paying down debt over the short term. For the 12 months to the end of June, the firm's like-for-like sales inched up by 2%, but currency effects meant that net sales dropped by 2% to EUR7.08bn. The company sold assets of EUR1bn during the year in an effort to strengthen its balance sheet and, while it has said there are no current plans to sell off additional assets, BMI thinks that further asset sales look likely as the

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