Pernod Unfazed by Souring Economy

Pierre Pringuet, Managing Director of Pernod Ricard, began the conference call by saying he’d like to offer his listeners “a ray of sunshine” for the next thirty minutes amidst crumbling economy and financial talk.“When you look at the news and pile of losses announced by banks and some other institutions, so I would like to offer you a sort of ray of sunshine, sort of a thirty minute holiday on a nice sunny beach, maybe even Malibu beach or Barbados,