Tag Archives: Pernod Ricard

Pernod Ricard unveils Seagrams Imperial Blue Whisky in Nigeria

Pernod Ricard Seagrams Imperial Blue Whisky

Pernod Ricard has introduced Seagrams Imperial Blue whisky brand into the Nigerian market with an aim to further bolster its presence in Sub-Saharan Africa.

The Whisky brand which is a perfect blend of quality grain spirits and imported scotch malts was unveiled at an exclusive launch event before a select audience of consumers, lovers of the brand and media personalities recently in Lagos.

Pernod Ricard plays for the long term in Africa

French spirits Group Pernod Ricard said it is in for the long haul in Africa. The world’s no. 2 spirits company sees huge opportunities on the continent and has been making investments to bolster its presence.

In a recent interview, the CEO of Pernod Ricard, Alexander Ricard said that the group has opened six offices in sub-Saharan Africa in the last six or seven years.

Pernod Ricard buys stake in Africa’s online retailer Jumia

French spirits Group Pernod Ricard announced on Tuesday, 18th December, it had acquired an unspecified stake in African online e-commerce retailer, Jumia.

The move follows Pernod Ricard’s collaboration with the firm to launch a one hour alcohol delivery service in Ghana and Kenya through an app called “Jumia Party”.

AB InBev withdraws funding for alcohol study as industry’s influence is questioned

The world’s largest brewer, Anheuser-Busch InBev (AB InBev) said it is withdrawing its financial support for a controversial study that will look into whether there are any health benefits to drinking alcohol in moderation.

The ten-year long clinical study which was announced last year had the financial support of the alcohol global heavyweights such as Diageo, Pernod Ricard, Heineken, Carlsberg and AB InBev.

According to the New York Times, the total amount so far raised by the drinks companies for the study is $66 million, of which AB InBev gave $15.4 million.

Pernod Ricard Q1 sales boosted by international brands, growth in China

Pernod Ricard, the world’s no 2 spirits company by sales reported a 2% revenue growth in the first quarter ended 30 September. The spirits maker said that sales rose to €2.29bn ($2.69bn), up from €2.25bn in the previous year.

The company said sales received a boost from its international brands, which grew 8% in the period and includes names like Absolut vodka, Jameson Irish Whisky, Ballantine’s and Malibu. The firm notes that its wines also had a strong quarter, posting 8% growth.

Pernod Ricard sales buoyed by innovation, growth in the Americas

French spirits group Pernod Ricard on Thursday reported a 13% lift in profit for the full-year ended June 2017. The company said that profit rose to €1.4bn ($1.65bn) on the back of a €9bn sales growth.

The maker of Jameson Irish Whiskey and Absolut vodka said that the good performance was fueled by strong growth in the U.S., an improvement in China, tight cost control and by innovation, which it describes as new products or variations of existing brands, like Absolut Lime vodka or Jameson Black Barrel.

Strong growth in the US and Europe lift Pernod Ricard’s YTD sales

Pernod Ricard, the world’s second-biggest spirits maker on Thursday reported a revenue growth of 3% for the first 9-months of its 2016/17 financial year.

The company behind such brands as Absolut vodka, Jameson Irish Whisky and Martell cognac said that sales for the 9-months ending March 31 reached €7.04bn, from €6.8bn in the same period last year. The third quarter alone saw a 3% rise in sales to €1.987bn ($2.13bn). The spirits maker said that sales were driven by a 7% growth in the Americas, with the United States accounting for 5% of the growth. Brands such as Jameson Irish Whisky, Martell cognac and Altos tequila recorded double-digit sales growth, although, it notes that its Absolut vodka brand was in decline in the United States but there was a strong reception for Absolut Lime in that country.

U.S. demand for Irish whiskey and Cognac growth in China help lift Pernod Ricard’s sales and profit in first-half

French wine and spirits group Pernod Ricard said on Thursday that half-year sales for 2016/2017 financial year rose 2% to €5.06bn ($5.40bn), driven by continued success of its flagship Jameson Irish whiskey in the United States and a return to sales growth in China, helped by its Martell cognac.

Diageo’s credit quality ‘stronger’ than Pernod Ricard’s, says Moody’s

Credit rating agency Moody’s said in a report published on Monday that Diageo has a “stronger credit quality” than its rival Pernod Ricard.

Moody’s based its decision on Diageo’s lower leverage, larger size and market share, which it says supports stronger credit quality and a higher rating than its French rival Pernod Ricard.

Pernod Ricard sales rise on strong demand for Irish Whisky in the US, Europe

French spirit maker Pernod Ricard on Thursday reported a 1% sales growth in Q1 2016/2017 fiscal year to €2.248bn, from €2.223bn recorded a year earlier.

The maker of Chivas Regal Scotch Whisky, Malibu rum, among others said that growth was driven by strong demand for its Jameson Irish Whisky in the United States. According to the American Distilled Spirits Council, Irish whiskey was the fastest-growing spirits category in the U.S. last year, climbing 16% or almost twice the pace of bourbon.