(Corrects May 12 story to remove references to 'premium' and
'local brands' in paragraphs 1, 2)
PARIS, May 12 (Reuters) - French spirits group Pernod
Ricard said on Friday it stopped exports of all its
international brands to Russia at the end of April and also
plans to end the distribution of its portfolio of brands to
Russia.
Ending the distribution of the portfolio is a process that
Pernod Ricard expects to take "some months" to complete, the
group said in a statement on its website.
Last month, Pernod Ricard had said it was suspending exports
entirely of its premium vodka Absolut to Russia, having
previously reduced sales following Moscow's invasion of Ukraine.
It said at the time it was still supplying a limited supply
of other brands in Russia.
Like many Western consumer goods companies, Pernod Ricard
cut back heavily on products it sells in Russia last year,
having previously derived around 3% of its sales there.
(Reporting by Dominique Vidalon;
Editing by Benoit Van Overstraeten)
Messaging: dominique.vidalon.reuters.com@reuters.net))
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