International
Travel retail rebounds for Pernod Ricard in Q2 as China sales resume and Europe and the Americas grow
Pernod Ricard reported a Q2 recovery in travel retail supported by the resumption of Martell sales in China duty free and continued growth in Europe, the Americas and the cruise channel.
Buoyed by the addition of two hospitality acquisitions last year, retail income leapt +17% year-on-year at Groupe ADP; Extime Paris Duty Free revenue rose by single digits while average spend fell slightly.
Pernod Ricard reported a Q2 recovery in travel retail supported by the resumption of Martell sales in China duty free and continued growth in Europe, the Americas and the cruise channel.
Sales growth was driven by core brands and rising domestic demand in Mainland China and Asia, with the addition of the PURI brand strengthening regional momentum and helping to offset a softer travel retail performance.
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In its year-end results, the group highlighted travel retail as one of the strongest-performing channels in the smoke-free category worldwide in Q4.












