PERNOD EXPERIENCES DECLINE.

For the month of October Pernod’s volume decreased 1% “with Martell volume again underperforming (-16%) vs Brandy/Cognac category -3.3%. Pernod however is gaining vol share with Seagram's Gin and in Scotch with Chivas Regal,” according to UBS. The newly acquired Allied brands grew 5.8% in October.