Dear Client: Pernod Ricard showed "marked improvement" for the first quarter ended September 30, with global sales down 6%. Comparatively, sales were down 36% in Q4. "Our first quarter is encouraging. Sales were still in decline, but the business has recovered significantly vs. Q4 FY20, thanks to the partial reopening of the on-trade and the strong resilience of our brands in the off-trade," says chief Alexandre Ricard. In the US, sales were up 6% for the quarter, "thanks to
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