Jameson-owner sees demand slump in US and China

Sales fell 5.9% in the first half of the year, more than the 5.7% drop forecast by analysts

Jameson is owned by Pernod Ricard, which also makes Powers Irish whiskey. 

Jameson-owner Pernod Ricard posted disappointing sales in the first half, weighed down by a prolonged slump in demand for spirits in the US and China.

Organic sales fell 5.9% in the first half of the year, the French Cognac maker said on Thursday, more than the 5.7% drop forecast by analysts. It was also impacted by an unfavorable currency environment.