Pernod Ricard, the global spirits producer, has inaugurated a new production line at its manufacturing and logistics facility in Las Labores, in the Spanish city of Ciudad Real. The company invested €14.5 million ($15.5 million) into the expansion, known as Line 8. According to the firm, the investment will increase the plant’s overall production volume by 40%, boosting its capacity by more than 4.5 million cases annually. Operating at a …
Pernod Ricard
Pernod Ricard, the French spirits and wine group, has completed the sale of Kenwood Vineyards to the Heck family, the owners of Korbel Champagne Cellars. The transaction marks the return of the Sonoma-based winery to the Heck family, who previously owned the brand for 18 years between 1996 and 2014. Founded in 1970, Kenwood Vineyards is situated in the Sonoma Valley and is noted for its premium wine portfolio and …
Pernod Ricard, the French spirits producer, and US-based Brown-Forman have confirmed they are in preliminary discussions regarding a potential “merger of equals”. The talks are currently at an early stage. Pernod Ricard, the world’s second-largest spirits maker, said it “confirms that it is in discussions regarding a potential business combination with Brown-Forman”. However, the group cautioned that “there can be no assurance that any agreement will be reached”. Brown-Forman, the …
Irish drinks company Cobblestone Brands has announced the acquisition of the Knappogue Castle and Clontarf Irish Whiskey brands from Irish Distillers, a subsidiary of wine and spirits giant Pernod Ricard. Commenting on the move, Cobblestone Brands CEO Brian Fagan said: “We believe deeply in the future of the Irish whiskey category. Despite near-term industry challenges, this is a time to invest in quality, a authenticity, and long-term brand building. Knappogue …
Pernod Ricard, the wine and spirits major, has announces the successful divestment of strategic international wine brands to Australian Wine Holdco Limited (AWL), a consortium of global institutional investors and the owner of Accolade Wines. The divestment paves the way for the creation of a new global wine company under the name Vinarchy, and will also allows Pernod Ricard to focus on its premium international spirits and champagne brands. The transaction encompasses a …
Wine and spirits multinational Pernod Ricard has announced it has acquired Inverroche, a “luxury” gin brand hailing from South Africa, with distribution in 25 countries. In a press release, the company said it had concluded the acquisition of the shares it did not already own on 6th February. Commenting on the move, Sola Oke, managing director of Pernod Ricard Africa, said: “Africa is a market with great potential for Pernod Ricard. Our …
Wine and spirits multinational Pernod Ricard has announced plan to triple its revenue in India over the next decade by strengthening its position in the premium whisky market. The strategy includes the launch of Royal Stag Double Dark Peaty Whisky and Blenders Pride Four Elements Premium Whisky, following release of Longitude 77, the company’s first “Indian Single Malt”. Blenders Pride Four Elements Whisky is described as being blended from four …
Wine and spirits group KWV has announced the acquisition of Red Heart Rum from spirits major Pernod Ricard for an undisclosed sum. This acquisition marks KWV’s entry into the rum category, diversifying a spirits portfolio that already features Cruxland Gin, Wild Africa Cream and Ponchos Tequila. Commenting on the acquisition, KWV CEO John Loomes said: “We are thrilled about the addition of Red Heart Rum to our portfolio. This acquisition …
Wine and spirits multinational Pernod Ricard has started construction om a new €25 million (US$26.8 million) distillery for its high-end Japanese gin brand Ki No Bi in Kameoka City, according to a FoodBev report. The new facility will be powered by renewables an is expected to increase production capacity for Ki No Bi at least fivefold. Commenting on the move, The Kyoto Distillery managing director Antonio Sanchez Villareal said: “This …
French spirits maker Pernod Ricard has announced it has finalized production of The Chuan Pure Malt Whisky, the initial release from its distillery in Mount Emei, which is claimed to be the first prestige malt whisky to be produced in China. Construction on the distillery began in September 2019 as part of a ten-year, $150 million investment. The product, which is described as a rich and full-bodied whisky with a long finish …
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