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Pernod Ricard has announced the acquisition of The Whisky Exchange, a premier online and physical retailer specializing in whisky and fine spirits. Founded in 1999 by Sukhinder and Rajbir Singh, The Whisky Exchange boasts a catalog of approximately 10,000 products and a strong e-commerce presence. This deal aligns with Pernod Ricard's strategy to enhance its consumer-centric approach amid growing demand for premium spirits. Following the acquisition, The Whisky Exchange will maintain its operational autonomy, with its founders continuing as joint Managing Directors. The transaction is subject to customary closing conditions.
Castle Brands, owned by Pernod Ricard, will take over the U.S. distribution of Method and Madness Irish Whiskeys from Irish Distillers starting October 1, 2021. This shift is in response to the growing demand for Irish Whiskey in the U.S., as noted by CEO Nick Papanicolaou. The Method and Madness range includes unique offerings like a Single Grain Irish Whiskey finished in Virgin Spanish Oak. This partnership aims to enhance brand awareness and consumer trials among the new generation of whiskey drinkers.
Pernod Ricard announced on
Pernod Ricard announced a partnership with the International Union for Conservation of Nature (IUCN) during the CEO Summit in Paris, aiming to support the 'Agriculture and Land Health Initiative'. This initiative seeks to advance sustainable agriculture through collaboration among diverse stakeholders. Pernod Ricard has committed to enhancing biodiversity and sustainable practices in its supply chains, aligning with its 2030 roadmap, 'Good Times from a Good Place'. The company emphasizes the importance of nature in its products, contributing to climate change solutions and ecosystem health.
Pernod Ricard has announced a minority stake investment in Sovereign Brands, known for its premium wine and spirits, including Luc Belaire and Bumbu. This partnership aims to enhance business opportunities without altering Sovereign's management or operations. The investment marks the beginning of a long-term collaboration, focusing on joint industrial and commercial projects. Pernod Ricard, a leading company in the beverages sector with FY21 sales of €8,824 million, continues to expand its diverse brand portfolio while emphasizing sustainable development.
Pernod Ricard reported FY21 sales of €8,824m, reflecting a 9.7% organic growth amidst a 4.5% reported increase, impacted by adverse FX fluctuations. Key highlights include a robust 14% growth in the Americas and 11% in Asia, led by China. The company's recurring free cash flow reached a historic high of €1,745m. Profit from recurring operations (PRO) grew 18.3% organically, supported by a stronger gross margin. A dividend of €3.12 is proposed, and a share buyback program will resume in FY22 as part of ongoing strategic initiatives.
The US Court of Appeals for the Federal Circuit ruled on August 23, 2021, in favor of the National Association of Manufacturers, allowing Pernod Ricard to claim drawbacks on eligible spirits exported from the USA. This decision is projected to increase Pernod Ricard's profit before tax by US$163 million for FY21, including US$33 million in Profit from Recurring Operations, equating to about 1% organic growth. Pernod Ricard, a leading global wine and spirits producer, reported consolidated sales of €8,448 million in FY20.
Malibu has launched its 'Let the Funshine' campaign, promoting 'Summer Fridays' to encourage a carefree summer mindset. A survey revealed that 63% of Americans associate 'Summer Fridays' with leaving work early at noon, and 94% support employers offering this benefit. Throughout July and August, Malibu will motivate fans to embrace 'Funshine Fridays' by offering a chance to win $2,021 and a Funshine kit. The brand aims to rekindle summer joy and social engagement after a year of restrictions, while also sharing refreshing cocktail recipes for fans.
Heaven's Door Whiskey and Redbreast Irish Whiskey unveil a limited-edition 10-Year Aged Bourbon, 'The Master Blenders' Edition', crafted by Master Blenders Ryan Perry and Billy Leighton. This collaborative blend, finished in Redbreast casks, combines American and Irish whiskey traditions and has won a Double Gold medal at the 2021 San Francisco World Spirits Competition. Available for $99.99, it will be released in time for Father's Day, with limited amounts set for the UK and Ireland in September.
Pernod Ricard North America has appointed Lani Montoya as the new Chief Human Resources Officer, succeeding Paul Holub, who retires after 25 years. Montoya, a 15-year veteran of the company, previously led Global Talent Management and Diversity & Inclusion from Paris. Her role will focus on talent acquisition, employee retention, and advancing diversity and inclusion initiatives. The CEO, Ann Mukherjee, expressed confidence in Montoya's capabilities to enhance the company's workplace culture and drive its Transform and Accelerate strategy.
