Pernod Ricard may be poised for further expansion through acquisition, reports The Business. The world’s second-largest wine and spirits group has been reducing debts faster than expected from its purchase of Allied Domecq two years ago. It has repaid €4bn (£2.7bn) of the €10bn (£7bn) it borrowed to buy the company. Cassa Herradura, the Mexican tequila maker, says it has held talks with Pernod, among others, about a deal worth up to $800m (£429m). The Business 30/07/06 page 7