Pernod Ricard is a leading French company, known as the world’s second-largest seller of wine and spirits. It was founded in 1975 through the merger of two significant producers of anise-flavored aperitifs, Pernod and Ricard. The company has since grown to encompass a diverse portfolio of renowned brands and operates on a global scale.
What Happened
Pernod Ricard has agreed to sell its liqueur brand Minttu, along with a portfolio of Nordic local brands, to Oy Hartwall, an affiliate of Danish brewing company Royal Unibrew. In a release on Thursday, the French wine and spirits company stated that the deal is expected to close by the end of June 2025, pending customary conditions.
This sale aligns with Pernod Ricard’s ongoing assessment of its strategic opportunities and portfolio management.
Reputed Brands
2’s six Brand Companies are responsible for formulating the overall global brand strategy for their respective brands and categories while also managing the production and operations of their industrial facilities.
These Brand Companies include Chivas Brothers, Irish Distillers, Martell Mumm Perrier-Jouët, The Absolut Group, Pernod Ricard Winemakers, and Havana Club International. Each company plays a crucial role in driving brand development and ensuring quality across their product lines.
International Footprints
Pernod Ricard distributes its brands in over 160 countries, with a direct presence in 75 markets. This extensive reach allows the company to gain valuable insights and understand its consumers and customers better.
Indian Subsidiary
Pernod Ricard India Private Limited (PRI), a subsidiary of Pernod Ricard South Asia, is a leading alcohol-beverage company in India.
It offers a premium portfolio, including Seagram’s whiskies like Royal Stag, Blenders Pride, and Imperial Blue, along with global brands like Chivas Regal, The Glenlivet, ABSOLUT vodka, and Jacob’s Creek wines. The company’s range also features Beefeater gin, Martell cognac, and Perrier-Jouët champagne.
Stock Price Movement
The share price of Pernod Ricard SA increased 2 percent on Friday, reaching a high of 128.25 Euros, up from its previous close of 125.75 Euros.
Financial Performance
In its latest financial update, Pernod Ricard reported net sales of 11,598 million euros for the year ended June 2024, a decline from 12,137 million euros in the previous year.
The company’s earnings per share (EPS) rose to 7.90 euros in June 2024, up from 7 euros in June 2023. Pernod Ricard also reported a free cash flow of 963 million euros, with a net debt/EBITDA ratio of 3.1 and a dividend per share of 4.7 euros.
About the Company
Pernod Ricard is a prominent French company recognized as the world’s second-largest seller of wine and spirits. Since its founding, the company has expanded its portfolio to include a diverse array of alcoholic beverages, encompassing whiskey, vodka, gin, rum, and liqueurs. This extensive range reflects Pernod Ricard’s commitment to meeting the varying tastes and preferences of consumers worldwide.
Written by – Siddesh S Raskar
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