29-03-2017 17:37 via uk.finance.yahoo.com

Pernod to raise spirits prices in Britain, cites Brexit impact

By Dominique VidalonPARIS (Reuters) - Pernod Ricard is raising the prices of its spirits and wines in Britain to protect margins against a slide in the pound stemming from the country's vote to leave the European Union.The owner of Absolut vodka, Martell cognac and Mumm champagne told its British trading partners this month and made the announcement as Prime Minister Theresa May filed Britain's formal Brexit divorce papers on Wednesday.It is being negotiated," Christian Porta, who manages Pernod
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