Marie Brizard reports Q3 sales drop

Wednesday 7 November 2018 1:20pm

French group Marie Brizard Wine & Spirits (MBWS) has reported a 4.2% net sales loss to 99.6 million (US$114.3m) in the third quarter of 2018 and confirmed that plans to offload some of its brands are "in progress".

In the period from 1 July to 30 September 2018, net sales in France fell by 10.9% to 22.6m (US$25.9m), attributed to the "slowdown" of the overall spirits category.

According to Nielsen figures quoted by MBWS, the French spirits market declined by 2.7% in the period, with vodka declining by 2.8% and Scotch whisky dropping 5.9%.

In the Americas, net sales grew 5.5% to 4.4m (US$5m) while sales fell by 36.5% in Asia Pacific.

Source: The Spirits Business