Advertisement
Singapore markets close in 3 hours 58 minutes

  • Straits Times Index

    3,283.21
    -9.92 (-0.30%)
     

  • Nikkei

    37,720.19
    -739.89 (-1.92%)
     

  • Hang Seng

    17,295.93
    +94.66 (+0.55%)
     

  • FTSE 100

    8,040.38
    -4.43 (-0.06%)
     

  • Bitcoin USD

    64,314.61
    -2,728.64 (-4.07%)
     

  • CMC Crypto 200

    1,389.47
    -34.63 (-2.43%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Gold

    2,327.20
    -11.20 (-0.48%)
     

  • Crude Oil

    82.88
    +0.07 (+0.08%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • FTSE Bursa Malaysia

    1,570.29
    -1.19 (-0.08%)
     

  • Jakarta Composite Index

    7,148.52
    -26.01 (-0.36%)
     

  • PSE Index

    6,580.26
    +7.51 (+0.11%)
     

Pernod CEO says company has made Brexit "no-deal" contingency plans

By Dominique Vidalon and Pascale Denis
A logo is seen on a bottle of the Ricard aniseed-flavoured beverage displayed during French drinks maker Pernod Ricard news conference in Paris, France, August 29, 2018. REUTERS/Christian Hartmann/File Photo (Reuters)

By Dominique Vidalon and Pascale Denis

PARIS (Reuters) - The head of Pernod Ricard told Reuters on Thursday that the French spirits group had made contingency plans to prepare for a 'no-deal' Brexit scenario, which could entail forward-shipping.

CEO Alexandre Ricard said in an interview that Pernod, similar to other companies, wanted "visibility" and had made contingency plans regarding Britain's exit from the European Union.

Asked if on the logistics front, these plans could entail shipping gin or whisky from the UK in advance, he replied "Yes" but added Pernod had not started to do so.

ADVERTISEMENT

He added that Pernod was closely monitoring tensions between the United States and China, although the company had yet not seen any impact from it on demand for its products in China.

"We remain vigilant regarding U.S.-China commercial tensions. At this stage the underlying trend in China is however not showing a slowdown," he said.

(Reporting by Dominique Vidalon and Pascale Denis; Editing by Sudip Kar-Gupta)