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Saturday 29 August 2015

Pernod Ricard

Absolut write-down hits Pernod profits

Pernod Ricard saw sales rise by 8% to almost €8.56 billion in the year to the end of June, but a €404 million write down of its Absolut vodka brand caused net profits to fall by 15%.

Thursday, August 27th, 2015 No Comments »

Pernod urges on-trade to tap into Twitter

Pernod Ricard is encouraging bars and pubs to do more to harness the power of social media, which it believes will be key to success during the 2015 Christmas season.

Monday, August 24th, 2015 No Comments »

Cognac performance in Asia ‘disappointing’

While Cognac exports have risen rapidly in Europe and North America in the three months to the end of July, the unsteadiness of the Asian market remains.

Friday, August 14th, 2015 No Comments »

New operations chief for Absolut

Anna Schreil has been named as the new vice president of operations at Absolut Vodka effective from 1 July.

Thursday, June 25th, 2015 No Comments »

Whisky has ‘regained its attractiveness’

Scotch whisky is moving beyond its traditional consumer base and has “regained its attractiveness” following a “challenging year”, according to the CEO of Chivas Brothers.

Tuesday, June 23rd, 2015 No Comments »

Bordeaux-finished Irish whiskey launched

Pernod Ricard’s Irish subsidiary, Irish Distillers, has unveiled the first single pot still Irish whiskey to be finished in Bordeaux casks.

Thursday, June 4th, 2015 No Comments »

Buoyant spirits giants leave Diageo glum

The mood music around the world’s major spirits companies is beginning to sound more cheerful. However, Diageo seems less than positive.

Thursday, April 23rd, 2015 No Comments »

Pernod hails ‘solid’ performance

Pernod Ricard has become the latest drinks group to reflect a steadily resurgent Asian market and buoyant US dollar, as it reported 2% organic sales growth at the end of the third quarter.

Thursday, April 23rd, 2015 No Comments »

Bacardi lays off 15% of North American staff

Bacardi has begun the process of firing around 80 of its 600 employees in North America, maintaining that “it is business as usual” at the company.

Thursday, April 9th, 2015 No Comments »

Pernod signals Indian ambition

Pernod Ricard’s Indian subsidiary has extended its borrowing limit to Rs1,500 crore (£161.5 million), a sign that the group is keen to tackle rival Diageo’s current dominance of this market through United Spirits.

Monday, March 23rd, 2015 No Comments »

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