12 articles
Pernod Ricard reported a 3.9% organic sales decline for fiscal 2026 due to weak demand in the U.S. and China, missing analyst expectations. The company trimmed its medium-term growth guidance while pr
India's food safety regulator inspected a Pernod Ricard plant and collected whisky samples amid a broader crackdown on the alcohol sector. The probe focuses on hygiene and packaging compliance, follow
An Indian court rejected Pernod Ricard's request to sell liquor in New Delhi due to an ongoing investigation, impacting its largest market while the company faces a $314 million tax demand.
Pernod Ricard confronts a $300 million tax dispute, antitrust probes, and license bans in India, straining its operations in a key global market.
Indian investigators allege Pernod Ricard concealed Scotch whisky import details to evade $314 million in back taxes. The company denies wrongdoing, facing potential penalties over $600 million in its
Tamil Nadu ordered the closure of 717 government liquor stores near key public locations, impacting major beverage players like Pernod Ricard and Diageo in a significant regional market shift.
Diageo CEO Dave Lewis gains reprieve after Pernod Ricard and Brown-Forman merger talks collapsed, removing a major competitive threat while he addresses weak sales in a struggling spirits market.
Brown-Forman shares fell 6% after merger talks with Pernod Ricard collapsed due to unmet terms, shifting investor focus to demand challenges and potential Sazerac bids.
Pernod Ricard confirmed the termination of merger negotiations with Brown-Forman, citing failed terms, while rival Sazerac remains a potential bidder.
French distiller Pernod Ricard is reportedly preparing an IPO for its Indian unit, engaging Goldman Sachs and legal counsel per Bloomberg. The deal remains unverified by Reuters.
Pernod Ricard's finance chief confirmed ongoing merger talks with U.S. rival Brown-Forman, while a competing $15 billion offer from Sazerac complicates the potential deal.
Pernod Ricard reported a 0.1% Q3 sales increase but warned the Iran war will damage travel retail, projecting a 3-4% decline in full-year organic net sales for fiscal 2026.
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