Tag: Pernod Ricard

Pernod Ricard chief executives to step down

Posted in Beer, Spirits, Wine.

The chief executives of Pernod Ricard Winemakers and Pernod Ricard’s North American business will step down from their roles next month. Alexandre Ricard, Pernod Ricard’s chairman and CEO, thanked Rain and Duffy for their decades of service with the spirits group.  Paul Duffy, chairman & chief executive officer of Pernod Ricard in North America, will resign from his post next month. Duffy, who joined Pernod Ricard in 1994 as assistant finance director of the treasury/planning Team at Irish Distillers Limited, is leaving his role to “return to Ireland”, according...

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Gordon’s Pink gin smashes one-million-case mark

Posted in Industry.

Diageo-owned Gordon’s Pink gin has broken the million-case barrier less than two years since its launch after selling 1.21m nine-litre cases in 2018, according to IWSR figures Diageo introduced Gordon’s Premium Pink Distilled Gin in July 2017, which contains flavours of raspberry, strawberry and redcurrant. Bottled at 37.5% abv, Gordon’s Pink first launched exclusively in Tesco stores across the UK, priced at £16.50 (US$21), before it was rolled out to UK bars in August the same year. Speaking to The Spirits Business earlier this week, Kathy Parker, Diageo’s senior vice president...

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2019 Market Update | Day 77

Posted in Beer, Industry, Spirits, Wine.

Analysts Dismiss Pernod Ricard’s Rumoured Wine Sale https://www.thedrinksbusiness.com/ by Arabella Mileham 18th March, 2019 Analysts have poured cold water on the rumour that Pernod Ricard is mulling a sale of its wine division, arguing that while there may be further sales of non-core brands, a wholesale disposal of the entire wine division is “unlikely”. Analysts firm Jefferies International issues a note in response to a report in Bloomberg last week that claimed the French drinks company was in “early discussions” on a potential sale of its $500 million wine...

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2019 Market Update | Day 75

Posted in Beer, Industry, Spirits, Wine.

Corona brewer Constellation is nearing a deal to sell some wine brands to E. & J. Gallo Constellation Brands is in advanced talks to sell its some of its low-end wine brands to E. & J. Gallo Winery, people familiar with the situation tell CNBC. Constellation put its U.S. wine business, which includes brands like Clos du Bois, Mark West and Arbor Mist, up for sale last year as part of its move into cannabis. Sales of non-premium wine have slowed, as millennials focus increasingly on health and alternative indulgences like cannabis. CNBC Lauren Hirsch 15 March 2019 Constellation Brands...

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2019 Market Update | day 72

Posted in Beer, Industry, Spirits, Wine.

Pernod Weighs Sale of Jacob’s Creek, Campo Viejo Wines https://www.bloomberg.com/ By Ruth David and Thomas Buckley March 13, 2019 Pernod Ricard SA is considering a sale of its wine division, which includes Australia’s Jacob’s Creek and Spain’s Campo Viejo labels, according to people familiar with the matter. The world’s second-largest distiller has held early discussions on a potential sale of the unit, which has sales of about $500 million, said the people. Deliberations are at a preliminary stage and Pernod may ultimately decide to retain the business,...

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