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

October 18, 2018 at 01:15 pm IST

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.

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)

By Dominique Vidalon and Pascale Denis

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	EURO / BRITISH POUND	0.8399 GBX	-0.05%	-0.67%	-
	PERNOD RICARD	126.1 EUR	-0.71%	-0.63%	3.47TCr

Alexandre Ricard

Alexandre Ricard is a French businessperson who has been at the helm of 6 different companies and presently is Chairman & Chief Executive Officer of Pernod Ricard SA and Member-Management Board at Pernod Ricard North America SASU and Member-Management Board at Pernod Ricard Asia SAS (both are subsidiaries of Pernod Ricard SA). He is also Member-Management Board at Pernod Ricard North America SASU and Member-Management Board at Pernod Ricard Asia SAS and on the board of 8 other companies. In the past Alexandre Ricard held the position of Chief Executive Officer for Pernod Ricard Asia Duty Free Ltd., Manager for Havana Club Know-How SARL, Chief Executive Officer of Lirix SA, Chairman of Le Delos Invest III, Chairman & Chief Executive Officer of Irish Distillers Ltd., Director, Chief Financial & Administration Officer at Irish Distillers Group Ltd. and Member-Management Board at Société Paul Ricard SA. Mr. Ricard received a graduate degree from the University of Pennsylvania, an undergraduate degree from ESCP Europe Campus Paris and an MBA from The Wharton School of the University of Pennsylvania.

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Linked companies
Société Paul Ricard SA Société Paul Ricard SA Real Estate DevelopmentFinance Société Paul Ricard SA provides wine marketing services. The company was founded in 1963 and is headquartered in Six-Fours-les-Plages, France.	Founder
PERNOD RICARD	Chief Executive Officer