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| Titel | Ex-Datum | Zahldatum | Bruttobetrag |
Pernod Ricard S.A. |
23.07.25 |
25.07.25 |
2.3500 € |
Pernod Ricard S.A. |
25.11.24 |
27.11.24 |
2.3500 € |
Pernod Ricard S.A. |
17.07.24 |
19.07.24 |
2.3500 € |
Pernod Ricard S.A. |
24.11.23 |
28.11.23 |
2.6400 € |
Pernod Ricard S.A. |
05.07.23 |
07.07.23 |
2.0600 € |
Pernod Ricard S.A. |
25.11.22 |
29.11.22 |
2.5600 € |
Pernod Ricard S.A. |
06.07.22 |
08.07.22 |
1.5600 € |
Pernod Ricard S.A. |
22.11.21 |
24.11.21 |
1.7900 € |
Pernod Ricard S.A. |
07.07.21 |
09.07.21 |
1.3300 € |
Pernod Ricard S.A. |
09.12.20 |
11.12.20 |
1.4800 € |
Pernod Ricard S.A. |
08.07.20 |
10.07.20 |
1.1800 € |
Nachrichten |
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| Datum / Uhrzeit | Titel | Bewertung |
| 04.07.25 11:59:00 | A Response from Pernod Ricard in Relation to the Conclusion of China’s MOFCOM Cognac Anti-Dumping Investigation |  |
| PARIS, July 04, 2025--(BUSINESS WIRE)--Regulatory News: Pernod Ricard (Paris:RI) welcomes the conclusion of China’s MOFCOM Cognac Anti-Dumping investigation and agrees to a minimum price undertaking. This agreement does not constitute an acknowledgment of dumping practices. Pernod Ricard regrets the increase in the cost of operating in China but notes that the additional costs arising from the agreed minimum price undertaking are significantly less than would be the case if the provisional Anti-Dumping tariffs had been made permanent. As this process concludes, Pernod Ricard remains committed to long term sustainable growth in China, one of our four Must Win markets, leveraging its market leading position in Cognac, and in International Spirits, that it has successfully built over its decades long engagement in the country. About Pernod Ricard Pernod Ricard is a worldwide leader in the spirits and wine industry, blending traditional craftsmanship, state-of-the-art brand development, and global distribution technologies. Our prestigious portfolio of premium to luxury brands includes Absolut vodka, Ricard pastis, Ballantine’s, Chivas Regal, Royal Salute, and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Malibu liqueur and Mumm and Perrier-Jouët champagnes. Our mission is to ensure the long-term growth of our brands with full respect for people and the environment, while empowering our employees around the world to be ambassadors of our purposeful, inclusive and responsible culture of authentic conviviality. Pernod Ricard’s consolidated sales amounted to € 11 598 million in fiscal year FY24. Pernod Ricard is listed on Euronext (Ticker: RI; ISIN Code: FR0000120693) and is part of the CAC 40 and Eurostoxx 50 indices. View source version on businesswire.com: https://www.businesswire.com/news/home/20250704269511/en/ Contacts Florence Tresarrieu / Global SVP Investor Relations and Treasury +33 (0) 1 70 93 17 03 Edward Mayle / Investor Relations Director +33 (0) 6 76 85 00 45 Ines Lo Franco / Investor Relations Manager +33 (0) 6 49 10 33 54 Emmanuel Vouin / Head of External Engagement +33 (0) 1 70 93 16 34 View Comments |
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| 30.06.25 16:00:03 | Pernod Ricard (PRNDY) Upgraded to Buy: Here's Why | |
| Pernod Ricard SA (PRNDY) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Learn More Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Learn More Thor Metals Group: Best Overall Gold IRA Learn More Powered by Money.com - Yahoo may earn commission from the links above. Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time. As such, the Zacks rating upgrade for Pernod Ricard is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock. Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Pernod Ricard imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher. Harnessing the Power of Earnings Estimate Revisions Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> . Story Continues Earnings Estimate Revisions for Pernod Ricard This company is expected to earn $1.56 per share for the fiscal year ending June 2025, which represents no year-over-year change. Analysts have been steadily raising their estimates for Pernod Ricard. Over the past three months, the Zacks Consensus Estimate for the company has increased 3.8%. Bottom Line Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term. You can learn more about the Zacks Rank here >>> The upgrade of Pernod Ricard to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Pernod Ricard SA (PRNDY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research View Comments |
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| 27.06.25 10:36:26 | Exclusive-Beijing ties cognac deal to EV tariff talks with Europe | |
| By Tassilo Hummel and Julia Payne PARIS/BRUSSELS (Reuters) -France's cognac makers have reached a tentative deal on minimum import prices for the Chinese market, but China will finalise it only if progress is made in a separate row over EU tariffs on Chinese-made EVs, five sources familiar with the matter said. Talks between the two sides have dragged on for months, while sales of cognac in China, the world's most valuable market for the spirit, have shrunk. If finalised, the deal would bring relief to groups including Pernod Ricard, Remy Cointreau and LVMH, whose sales have also slowed in the United States, the world's biggest cognac market by volume, as a result of inflation and economic uncertainty. In the absence of an agreement by a July 5 deadline set by China to complete an anti-dumping investigation into European brandy, most of it cognac, China could make permanent its temporary customs duties of up to 39% that are already in place. The provisionally agreed minimum prices for brandy imports would be "much better" than continuing to pay the existing duties, one of the sources said. In a June 12 web briefing for cognac makers, lawyers working for the BNIC industry body detailed minimum import prices described as part of the tentative deal obtained after the lengthy technical negotiations, presentation slides seen by Reuters showed. VS, or Very Superior, the cheapest cognac category, would have a minimum import price of 46 yuan ($6.39) per litre, the slides showed. High-end "Extra Old" cognac, known as XO, would cost 424 yuan per litre, with the XXO category, where retail prices reach thousands of dollars per bottle, costing from 613 yuan ($85) per litre. For the biggest houses Hennessy, Martell and Remy Martin, two of the sources said minimum import prices would be higher than for smaller producers, but still well below current levels. One industry insider said his company has committed to the prices detailed in the presentation, and was waiting for the Chinese authorities "to sign them off". Three other sources at leading Cognac makers said their companies had also signed up to the minimum prices and awaited Beijing's response. They and a fourth industry source said Beijing had linked finalising the cognac deal to movement on the electric vehicle dossier. In all Reuters spoke to five industry sources. All of them asked not to be named because of the sensitivity of the issue. The BNIC declined to comment on the prices, saying they were confidential. China's Commerce Ministry did not respond to questions sent by Reuters. Story Continues A French government source told Reuters Chinese officials have consistently linked the cognac and electric vehicles dossiers. The source said the French government had refused to make the connection, but was cautiously optimistic a formal deal can be struck ahead of the July 5 deadline. A person familiar with EU-China trade talks also confirmed China had tied signing off the cognac agreement to the electric vehicle talks. COLLATERAL DAMAGE? France's cognac makers have complained they are collateral damage in the broader trade row between Brussels and Beijing after France was vocal in its support for tariffs on China-made EVs. China imposed temporary duties on cognac following a brandy investigation launched last year after the EU accused Beijing of unfair public subsidies for China's auto industry and imposed duties on imports of Chinese-made EVs. Shares in Remy Cointreau and Pernod Ricard are down 35% and 33% respectively since China announced temporary import charges last October. Monthly cognac exports to China have fallen by as much as 70% due to the trade dispute, according to BNIC data. Reuters exclusively reported this month that cognac makers had offered minimum prices to Chinese authorities to try to break the deadlock. Beijing wants the EU to replace its import tariffs on Chinese EVs with minimum price commitments similar to those proposed for cognac, the sources said. China has said talks on EVs have entered a final stage, but EU officials say progress has been limited. The European Commission did not respond when asked if it supported the provisional agreement on Cognac. EU leaders will travel to Beijing for a summit to mark 50 years of EU-Chinese relations on July 24-25, where officials have said trade will be a priority. French trade minister Laurent Saint-Martin told producers during a visit to the Cognac region in southwestern France this week that talks on minimum import prices were "on the right track" but had not reached a conclusion. (Reporting by Tassilo Hummel and Julia Payne; additional reporting by Leigh Thomas and Dominique Vidalon in Paris and Laurie Chen in Beijing; editing by Richard Lough and Barbara Lewis) View Comments |
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| 20.06.25 12:01:00 | Premium Alcohol Market Forecasts Report 2025-2030 Featuring Diageo, Pernod Ricard, HITEJINRO America, Cerritos, CA, Brown Forman, Bacardi | |
| Company Logo The global premium alcohol market is projected to reach $950.838 billion by 2030, growing at a 9.76% CAGR from 2025. This growth is driven by rising disposable income and urbanization, boosting demand for high-quality alcoholic beverages. Key players include Diageo and Pernod Ricard. Global Premium Alcohol MarketGlobal Premium Alcohol Market Dublin, June 20, 2025 (GLOBE NEWSWIRE) -- The "Premium Alcohol Market - Forecasts from 2025 to 2030" report has been added to ResearchAndMarkets.com's offering. The global premium alcohol market is estimated to attain a market size of US$950.838 billion by 2030, growing at a 9.76% CAGR from a valuation of US$596.767 billion in 2025. Premium alcohol is alcoholic beverages that are prepared with higher quality standards with the utilization of superior and high-quality ingredients, it involves refined production procedures and are typically aged or fermented for a longer time to enhance their taste and quality. The market of alcoholic beverages is witnessing growth due to diverse growth drivers such as the increase in the middle class with the increase in disposable income, which enhances their purchasing power which is enabling these consumers to spend on luxury alcoholic products. Additionally, various wine-producing nations are investing in expanding their wine production to cater to the growing end-user demand. For instance, according to the International Organization of Vine and Wine, in 2024, Italy's wine production reached 44.1 million hectoliters, which represented a 15.1% growth over 2023's production, and the country accounted for 19.5% of the global production volume in the same year. Market Trends High Yield Savings Offers Earn 4.10% APY** on balances of $5,000 or more View Offer Earn up to 4.00% APY with Savings Pods View Offer Earn up to 3.80% APY¹ & up to $300 Cash Bonus with Direct Deposit View Offer Powered by Money.com - Yahoo may earn commission from the links above. Growing Disposable Income and Urbanization Drive Premium Alcohol Demand: Rising disposable income enhances consumers' ability to purchase high-quality and premium alcoholic beverages, significantly boosting the premium alcohol market. According to the U.S. Energy Information Administration, global per capita disposable income is projected to increase from $10,136 in 2022 to $10,677 in 2025, reaching $11,862 by 2030 and $13,116 by 2035. Additionally, the World Bank reported that 57% of the global population lived in urban areas in 2023, a figure expected to grow with the economic progress of major nations. This urbanization trend is anticipated to increase demand for wines for both personal and commercial purposes. North America's Robust Alcohol Market: The United States, a leading alcohol-consuming nation, is seeing growth in its outdoor culture due to improving living standards and a vibrant youth demographic. Bank of America data indicates that bar spending accounted for 4.8% of total restaurant expenditure, showing consistent growth. Notably, bar spending by baby boomers in the U.S. recorded a 4% year-on-year increase in January 2025. Story Continues Key Benefits of this Report: Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments. Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy. Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments. Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment. Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises. Report Coverage: Historical data from 2022 to 2024 & forecast data from 2025 to 2030 Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis Competitive Positioning, Strategies, and Market Share Analysis Revenue Growth and Forecast Assessment of segments and regions including countries Key Attributes: Report Attribute Details No. of Pages 142 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $596.77 Billion Forecasted Market Value (USD) by 2030 $950.84 Billion Compound Annual Growth Rate 9.7% Regions Covered Global Company Profiling (Strategies, Products, Financial Information, and Key Developments) Diageo Pernod Ricard Tito's Handmade Vodka HITEJINRO America, Cerritos, CA Brown Forman Corporation Bacardi Limited Tanduay Distillers, Inc. Allied Blenders and Distillers Pvt. Ltd. (ABD) Alliance Global Group, Inc. (Emperador) Kaya Spirits Anheuser-Busch InBev SA/NV Constellation Brands, Inc. Global Premium Alcohol Market Segmentation: By Type Wine Beer Spirits By Sales Channel On-Trade Off-Trade By Distribution Channel Online Offline By End-User Household Consumers Hospitality & Food Services Corporate & Event Buyers Duty-Free/Travel Retail By Region North America United States Canada Mexico South America Brazil Argentina Others Europe United Kingdom Germany France Spain Others Middle East & Africa Saudi Arabia UAE Israel Others Asia Pacific Japan China India South Korea Indonesia Thailand Others For more information about this report visit https://www.researchandmarkets.com/r/bxucb0 About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Global Premium Alcohol Market CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 View Comments |
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| 19.06.25 12:09:53 | Pernod Ricard launches reorganisation plan | |
| Pernod Ricard has launched "an internal project" aimed at creating "a more agile and simplified organisation" at the Olmeca Tequila maker. Reports from Reuters yesterday (18 June) suggested the group was looking to streamline its operations. Internal company presentation slides viewed by the publication reportedly suggested Pernod Ricard plans to group its brands into two main divisions. When asked about its plans, the group told Just Drinks: "At Pernod Ricard, we work on an ongoing basis to adapt our organisation and ways of working to the fast-evolving business environment. "That is why we have announced to all our employees an internal project aimed to create a more agile and simplified organisation aligned with our strategic objectives and the current evolution of our business. "These changes imply the launch of local consultation processes with our social partners and employees where necessary, therefore we cannot comment any further at this stage”. It is unclear how many employees may be affected by the move. According to a staff memo, seen by Reuters, CEO Alexandre Ricard said the project, called Tomorrow 2, looks to "further advance the simplification of our organisation". Two sources also told the publication Ricard informed staff in a video the group's restructuring would bring about "departures". Several major distillers have been facing pressure on sales amid slowing demand in important markets including the US and China. Trade tensions have also weighed on consumer sentiment and shaken supply chains. In May, LVMH’s Moët Hennessy also reportedly revealed plans to lay off thousands of its employees. Pernod Ricard's two new business divisions are allegedly called "Gold" and "Crystal", with the former including Champagne, and brands such as Martell Cognac and Jameson whiskey. The latter would feature Havana Club rum, Absolut vodka and French aperitifs. According to Reuters, the changes are expected to be brought into force in the last three months of this year. In its third-quarter results, released in April, Pernod Ricard booked €2.38bn ($2.7bn) in net sales, declining 3% on an organic and reported basis. Nine-month net sales dipped 4% organically and by 3% in reported terms to €8.5bn, hit by a €145m foreign-exchange impact. Volumes in the nine months were up 1%. In Pernod Ricard's third quarter, its net sales in the US were up 2%, although the company said organic net sales were "ahead of sell-out supported by wholesalers’ orders ahead of tariff announcements". Story Continues In China, net sales declined 5% and were down 22% in the first nine months of the financial year. At the time, the group said it was facing a “macro context” that “remains challenging”. Speaking after Pernod Ricard reported its third-quarter results, CFO Hélène de Tissot said the company expected China to weigh on its annual performance. “For the fiscal year ’25, the main impact of tariffs is China, which we are completely assessing. That’s why we are confirming our ability and our confidence to sustain the operating margin," she said at the time. "Pernod Ricard launches reorganisation plan" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. View Comments |
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| 18.06.25 18:08:21 | Pernod Ricard plans reorganization into two main brand divisions | |
| Investing.com -- Pernod Ricard (EPA:PERP) is planning to reorganize its business by grouping its brands into two main divisions, according to an internal presentation quoted by Reuters on Wednesday. The French spirits maker reportedly confirmed it had announced an "internal project to create a more agile and simplified organisation" when contacted about the matter. The company’s streamlining effort appears aimed at creating a more efficient operational structure as it navigates the current challenging market environment Related articles Pernod Ricard plans reorganization into two main brand divisions Microsoft plans to cut thousands of jobs in sales division - Bloomberg BofA starts Sandisk at Buy on margin upside, NAND recovery prospects View Comments |
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| 18.06.25 17:39:23 | Pernod Ricard launches restructuring plan as spirits sales slide | |
| By Tassilo Hummel and Emma Rumney PARIS/LONDON (Reuters) -Pernod Ricard is streamlining its business by grouping brands into two main divisions, according to internal presentation slides seen by Reuters on Wednesday, as European spirits makers grapple with a downturn in sales. Drinkers in key markets such as China and the United States have reduced spending in the face of inflation or other economic worries while international trade tariffs have also hurt sales. The world's No. 2 Western spirits maker from France told Reuters it had announced an "internal project to create a more agile and simplified organisation". It had already announced job cuts in China, where steep anti-dumping duties on Pernod's Martell cognac label have hit sales hard, as well as a plan to cut 1 billion euros ($1.15 billion) in costs by its 2029 financial year. In a staff memo reviewed by Reuters, Chief Executive Alexandre Ricard said the project, dubbed "Tomorrow 2", was intended to "further advance the simplification of our organisation". Ricard told staff in a video that the restructuring, which includes bundling administrative tasks rather than having brands operate individually, would lead to "departures", two sources said. There were no further details about the impact on jobs. In the presentation slides seen by Reuters, the company said it would organise its brands into two main units, named Gold and Crystal. The Gold division would include champagne and brands such as Martell cognac and Irish whiskey Jameson while Crystal will include Havana Club, Absolut vodka and some French aperitif brands. The company plans to implement the changes, including voluntary departures, in the last three months of 2025, the slides showed. "These changes imply the launch of local consultation processes with our social partners and employees where necessary," Pernod Ricard said without commenting on the number of jobs affected or the plan to group brands into two units. Last month rival LVMH's wines and spirits division announced plans to shrink its workforce by nearly 13%. Pernod, Diageo and Remy Cointreau have also had to adjust their growth expectations as the boom in sales enjoyed after the COVID-19 pandemic has gone into reverse. All three companies have scrapped or reduced ambitious sales targets for the coming years. Remy and other rivals, such as Jack Daniel's maker Brown-Forman, have also cut jobs. Diageo, the world's largest spirits maker, also plans to cut $500 million in costs and make substantial asset disposals by 2028. Story Continues Pernod reported a 3% decline in third-quarter sales in April. Its shares have lost about 50% since the start of 2023 as sliding sales and tariffs have weighed on investor sentiment. ($1 = 0.8690 euros) (Reporting by Tassilo Hummel in Paris and Emma Rumney in LondonEditing by David Goodman) View Comments |
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| 05.06.25 19:22:25 | Spirits outlook dims further amid tariffs, inventory shifts: Jefferies | |
| Investing.com -- Jefferies warned of further earnings pressure in the global spirits sector, citing fresh U.S. tariffs, soft consumer demand, and lingering inventory issues following Brown-Forman’s weak guidance for fiscal 2026. The brokerage cut its earnings estimates for several spirits companies, saying consensus forecasts remain too high. It expects the coming months to be volatile as investor expectations adjust. Advertisement: High Yield Savings Offers Earn 4.10% APY** on balances of $5,000 or more View Offer Earn up to 4.00% APY with Savings Pods View Offer Earn up to 3.80% APY¹ & up to $300 Cash Bonus with Direct Deposit View Offer Powered by Money.com - Yahoo may earn commission from the links above. The environment for spirits is tough, Jefferies said, pointing to both macroeconomic uncertainty and specific headwinds such as lower used-barrel sales and a major shake-up in Brown-Forman’s U.S. distribution system, its first in over 60 years. Brown-Forman guided for low-single-digit declines in both organic sales and EBIT in fiscal 2026, after a 3% drop in sales in the prior year. Jefferies said this points to another “soggy year” and will likely weigh on sentiment for European peers like Diageo (LON:DGE) and Pernod Ricard (EPA:PERP). Inventory dynamics remain challenging. Jefferies noted that in fiscal 2025, Brown-Forman’s shipments grew 2% while depletions fell 1%, suggesting excess inventory. It sees less risk of destocking for European companies, though it flagged Remy’s recent €100 million U.S. destocking as a potential technical restock trigger in early fiscal 2026. The firm expects sell-side estimates for European spirits to fall further, with its own forecasts 5% to 15% below the market. Diageo, for example, recently warned of “continued uncertainty” in its latest trading update, implying softer-than-expected recovery for fiscal 2026. Despite cheap valuations, with Pernod trading at 14.1x forward earnings and Diageo at 16.1x on Jefferies’ lower numbers, the path to recovery may remain rocky until forecasts reset more realistically, the firm said. Related articles Spirits outlook dims further amid tariffs, inventory shifts: Jefferies Tesla stock tumbles as Trump/Musk relationship blows up Jefferies starts Excelerate Energy at Buy on LNG tailwinds and stable cash flow View Comments |
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| 15.05.25 13:23:31 | Pernod Ricard loses bid for New Delhi licence again amid probe | |
| By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) -New Delhi city government has rejected for a third time Pernod Ricard's request for a licence to sell its brands in India's capital, citing ongoing investigations, an order showed, dealing a blow to the French liquor giant in a key market. The order comes despite an Indian appeals authority in February asking city officials to reconsider the rejections as investigations against Pernod for allegedly breaching the city's liquor policy in 2021 had not so far resulted in any conviction. The Delhi city authorities disagreed and rejected Pernod's request again in a May 9 order, saying courts had upheld that local governments have "broad discretion to deny it (a licence) to entities that lack moral probity". "Mere existence of allegations and investigation justifies administrative caution in licensing matters," city Excise Commissioner Sunny K. Singh wrote in his order. The order is not public but was reviewed by Reuters on Thursday. Pernod said in a statement it did not agree with the decision, which pertains to an application filed for 2022-23, adding its "main focus is on securing a fresh licence for the current financial year." "We will continue to pursue all legal avenues available to us," it added. Delhi is a critical market for any liquor company in India. Pernod, whose brands include Chivas Regal and Absolut Vodka, has in the past said New Delhi alone accounted for 5% of its total sales in India, which stood at $3.13 billion last year. India's federal financial crime agency accuses Pernod of violating the city's rules by illegally extending bank guarantees to New Delhi's retailers, which in return agreed to boost the company's market share. That case is currently pending and Pernod has repeatedly denied any wrongdoing. An internal investigation ordered by Pernod, however, concluded that its top executives did violate city law, even as its representatives denied wrongdoing publicly and in court, Reuters reported in December. In February, a Delhi appeals authority said Pernod's case merited a review as "there has to be a conviction beyond doubt by a court of law before any adverse opinion or action can be taken". The May 9 order disagreed, though, saying the allegations were about "serious economic offences, which justifies the state's preventive measures." (Reporting by Arpan Chaturvedi and Aditya Kalra. Editing by Mark Potter) |
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| 30.04.25 06:45:00 | Successful Completion of the Sale of Pernod Ricard’s Portfolio of Strategic International Wines to Australian Wine Holdco Limited | |
| PARIS, April 30, 2025--(BUSINESS WIRE)--Regulatory News: Press Release – Paris, 30 April 2025 In line with the press release dated July 17, 2024, Pernod Ricard (Paris:RI) announces today the successful completion of the sale of its portfolio of strategic international wines to Australian Wine Holdco Limited ("AWL"), a consortium of international institutional investors and owner of Accolade Wines, effective as of April 30, 2025. The combination of wine assets leads to the creation of Vinarchy, a new global wine company. Pernod Ricard will continue to distribute such wine portfolio for a few months, facilitating a smooth transition across the globe. This disposal will enable Pernod Ricard to focus on premium international spirits and champagne brands, driving future growth of its business. The transaction includes the sale of a wide portfolio of strongly established wine brands owned and produced by Pernod Ricard Winemakers, with over 10 million 9Lcs cases annually from three origins including Jacob’s Creek, Orlando and St Hugo from Australia, Brancott Estate, Stoneleigh and Church Road from New Zealand, Campo Viejo, Ysios, Tarsus and Azpilicueta from Spain. The business is an integrated platform from vineyard to bottle and includes seven wineries. The transaction is the result of Pernod Ricard’s continuous active portfolio management, aiming at providing greater opportunities for premiumization, in line with its longstanding policy to deliver sustainable value for its shareholders, employees, clients and partners. About Pernod Ricard Pernod Ricard is a worldwide leader in the spirits and wine industry, blending traditional craftsmanship, state-of-the-art brand development, and global distribution technologies. Our prestigious portfolio of premium to luxury brands includes Absolut vodka, Ricard pastis, Ballantine’s, Chivas Regal, Royal Salute, and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Malibu liqueur and Mumm and Perrier-Jouët champagnes. Our mission is to ensure the long-term growth of our brands with full respect for people and the environment, while empowering our employees around the world to be ambassadors of our purposeful, inclusive and responsible culture of authentic conviviality. Pernod Ricard’s consolidated sales amounted to € 11 598 million in fiscal year FY24. Pernod Ricard is listed on Euronext (Ticker: RI; ISIN Code: FR0000120693) and is part of the CAC 40 and Eurostoxx 50 indices. About Australian Wine Holdco Limited Australian Wine Holdco Limited ("AWL") is a consortium of international institutional investors which comprises funds backed by Bain Capital, Intermediate Capital Group, Capital Four, Sona Asset Management, and Samuel Terry Asset Management. Story Continues View source version on businesswire.com: https://www.businesswire.com/news/home/20250429399918/en/ Contacts Pernod Ricard Florence Tresarrieu / Global SVP Investor Relations and Treasury +33 (0) 1 70 93 17 03 Edward Mayle / Investor Relation Director +33 (0) 1 70 93 17 13 Emmanuel Vouin / Head of External Engagement +33 (0) 1 70 93 16 34 AWL Contacts Stuart Carson – stuart.carson@fticonsulting.com + 61 2 82 98 61 16 View Comments |
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