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Pernod Sees Savings Plan Supporting Brands Amid China Drop

February 13, 2014

Pernod said it wants to "improve organizational efficiency" while delivering annual savings of 150 million euros ($205 million) over three years. The project will focus on faster business-plan execution and may lead to some job cuts, Chief Executive Officer Pierre Pringuet said on a call today. The company will reveal a more detailed plan later this year