Dear Client:A new report from Deutsche Bank’s Jamie Isenwater says that the spirits sector has taken a short-term approach by cutting their marketing budgets during the downturn, which almost guarantees it will be expensive to rebuild once the environment improves. In the last 6 months, Pernod Ricard (Sell), Diageo (Hold), AB Inbev (Hold) and Campari … Continue reading "Spirits Make Biggest Cuts in A&P Spending"