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Pernod Ricard ‘pragmatic’ about brand sell-offs – CEO

Olly Wehring
Last updated: 07/03/2024 at 1:24 PM
By Olly Wehring
6 March 2024
4 Min Read

The head of Pernod Ricard has shared some colour on the group’s recent brand acquisitions and divestments, admitting that the company had “missed” some potential purchase targets.


Bottle of Becherovka bitters

The head of Pernod Ricard has shared some colour on the group’s recent brand acquisitions and divestments, admitting that the company had “missed” some potential purchase targets.

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Speaking to media at a 'roundtable' session in London today, CEO Alex Ricard explained the strategy behind purchases such as Skrewball flavoured whiskey and Código 1530 tequila as well as offloads including Clan Campbell blended Scotch and Becherovka bitters. Clan Campbell was sold to Stock Spirits in June last year, with Becherovka transitioning to Maspex in Poland in late December."Since 2015, we’ve acquired 24 brands and we’ve sold 13," Ricard said at the event. "The brands we look to acquire are premium, have strong growth potential, and are present in both dynamic categories and in

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  • AB InBev
  • Bacardi
  • Campari Group
  • Diageo
  • Moët Hennessy
  • Pernod Ricard
  • Proximo Spirits
  • Suntory Global Spirits
  • William Grant & Sons

TAGGED:Pernod Ricard
Olly Wehring
ByOlly Wehring
Olly has been reporting on the beverage industry as a B2B journalist since 2003. He spent 18 years at Just Drinks, 16 of which as managing editor. Since joining Global Drinks Intel in 2022, he's interviewed the CEOs for brand owners including AB InBev, Campari Group, Carlsberg, Heineken and Suntory Global Spirits and has a bulging contacts book from across beverage alcohol worldwide.
Previous Article Ceder's portfolio 2023 ‘The spirits category has different price points and so will no-alcohol spirits’ – Pernod Ricard’s head of marketing for non-alcoholics, Solène Marchand, speaks to Global Drinks Intel
Next Article Brown-Forman logo 2022 Brown-Forman reins in sales forecast after top-line reverse continues – results data
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