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Tag: Pernod Ricard

  • Pernod Ricard launches zero alcohol Beefeater 0.0%

    Pernod Ricard launches zero alcohol Beefeater 0.0%

    Liquor company Pernod Ricard has launched Beefeater 0.0% to join its zero alcohol portfolio.

    Beefeater 0.0% is produced by adding the essence of Beefeater London Dry Gin’s recipe to the base, keeping the latter’s taste – minus the alcohol.

    “Beefeater 0.0% is our very first zero alcohol expression, which captures the energy of our timeless London classic but without the alcohol,” said Murielle Dessenis, global VP for marketing gins at The Absolut Group, a company under Pernod Ricard.

    “We are proud to be bringing to the no-alcohol category an elevated option, removing the need for consumers to compromise or miss out on the occasion.”

    Pernod Ricard will initially launch Beefeater 0.0% in Spain, complementing Beefeater’s existing moderated drinking range.

    Last year, the company opened a production line in Thuir, France, for non-alcoholic drinks production, research and development, and innovation.

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  • Pernod Ricard launches zero alcohol Beefeater 0.0%

    Pernod Ricard launches zero alcohol Beefeater 0.0%

    Liquor company Pernod Ricard has launched Beefeater 0.0% to join its zero alcohol portfolio.

    Beefeater 0.0% is produced by adding the essence of Beefeater London Dry Gin’s recipe to the base, keeping the latter’s taste – minus the alcohol.

    “Beefeater 0.0% is our very first zero alcohol expression, which captures the energy of our timeless London classic but without the alcohol,” said Murielle Dessenis, global VP for marketing gins at The Absolut Group, a company under Pernod Ricard.

    “We are proud to introduce an elevated option to the non-alcohol category, removing the need for consumers to compromise or miss out on the occasion.”

    Pernod Ricard will initially launch Beefeater 0.0% in Spain, complementing Beefeater’s existing moderated drinking range.

    Last year, the company opened a production line in Thuir, France, for the production of non-alcoholic drinks, research and development, and innovation.

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  • Pernod Ricard taps banks to review of Australian, NZ wine business

    Pernod Ricard taps banks to review of Australian, NZ wine business

    Wine and spirits producer Pernod Ricard has hired Morgan Stanley and JPMorgan for a strategic review of its Australia and New Zealand business.

    Sales of the unit may be expected by late October, the Australian Financial Review reported. The company’s portfolio includes the Jacob’s Creek, St Hugo, and George Wyndham brands in Australia and the Brancott Estate and Stoneleigh brands in New Zealand.

    The AFR said the Jacob’s Creek brand could be expected to draw significant attention.

    In 2019, the Paris-listed company attempted to put a portfolio of its wine brands including Jacob’s Creek for sale, with the help of the two investment banks. The unit, which at that time was estimated to be valued at $1 billion, attracted interest from Accolade Wines, PAI Partners, Penfolds, Treasury Wine Estates, KKR, and TPG Capital.

    The AFR noted that Morgan Stanley and JPMorgan may remove Accolade Wines, owned by The Carlyle Group, from potential buyers this time as it faces a huge debt and has tapped Rothschild & Co for refinancing options.

    Pernod Ricard’s Australian and New Zealand business booked a 13 percent increase in net sales to €12.14 billion in the last financial year. Its assets include Chivas Regal, The Glenlivet and Jameson whiskeys, Absolut and Wyborowa vodkas, and Pernod and Ricard labels.

    Pernod Ricard’s strategic review comes as another wine company, Australian Vintage, launched a strategic review for its business due to economic pressures it faces.

    The report added that Accolade has sold its House of Arras sparkling wines brand and vineyards, and the Bay of Fires winery and cellar door in Tasmania to Handpicked Wines for an undisclosed amount.

  • Pernod Ricard calls for Hong Kong to mind its throw-away fashion and glass this Responsib’ALL Day

    Pernod Ricard calls for Hong Kong to mind its throw-away fashion and glass this Responsib’ALL Day

    Hong Kong-based entities of Pernod Ricard – Pernod Ricard Asia HQ, Pernod Ricard Hong Kong and Macau and Pernod Ricard Travel Retail Asia – will be helping to tackle the growing problem of throw-away fashion and glass by partnering over 200 of its employees with non-profit organisation ‘HandsOn Hong Kong’, turning waste into reusable items for people in need.

    Known globally as ‘Responsib’ALL Day’, it will see local employees creating street mats for the homeless and bath mats for the elderly out of discarded t-shirts and upcycling unwanted bottles into glass lamps that will all be donated to four respective non-profit organizations and schools in need.

    Cyril Sayag, Vice President, Corporate Affairs of Pernod Ricard Asia, says that by participating in upcycling workshops such as these, we all have the chance to bring life back to glassware and textiles that would otherwise be going to landfill.

    “Sustainability and Responsibility have always been at the heart of Pernod Ricard and that’s why we want to foster circularity across the business, to encourage employees to reimagine the way they use, dispose, and minimise waste,” says Mr Sayag.

    “For the 9th consecutive year, all 19,000 employees of Pernod Ricard in 86 countries are mobilized on the Responsib’ALL Day to minimizing waste and make the most of resources in their local community.”

    Every minute in Hong Kong, 1,400 t-shirts are being sent to landfill as a wasted resource, adding up to 110,000 tonnes of textiles thrown away each year. Textile waste is also the second largest source of pollution in the world.*

    This is in addition to the 300 tonnes of glass, mostly bottles, sent to landfills every day, despite a local levy on imports made of them into Hong Kong.**

    Sue Toomey, Executive Director of HandsOn Hong Kong, says that the generation of waste has been growing at an increasingly alarming rate and Hong Kong’s consumption-led lifestyle is putting enormous pressure on local landfills.

    “With more than 300 tonnes of textile waste discarded in the city’s landfills each day, there is a greater need than ever to raise awareness around the importance of reclaiming discarded items and recycling them for local use,” says Ms Toomey. “That’s why partnerships such as this with Pernod Ricard are so valuable to the environmental health of the local community.”

    The initiative follows Pernod Ricard’s 2030 Sustainability & Responsibility roadmap , “Good Time from a Good Place”,  which focuses on all aspects of the business from ‘grain to glass’ and supports the United Nations’ Sustainable Development Goals.

    Its four pillars, Nurturing Terroir, Valuing People, Circular Making and Responsible Hosting, bring alive the Group’s vision ‘créateurs de convivialité’ by mobilising all employees to engage with local communities on Responsib’ALL Day across the world on the same day.

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  • Pernod Ricard brands release GTR exclusives

    Pernod Ricard brands release GTR exclusives

    Following the release of Chivas Regal 18 Ultimate Cask Collection First Fill American Oak Finish in October 2015, Chivas Regal is introducing the collection’s second limited edition expression, exclusive to travel retail. The Chivas Regal 18 Ultimate Cask Collection First Fill French Oak Finish is an intense re-interpretation of the  Chivas Regal 18 Year Old, and a new blend in the Chivas Regal range.

    To create the limited edition – the second in a series of three – the blending team selected first fill French oak casks in which to finish Chivas Regal 18 Year Old. Hand-crafted by master coopers in the Limousin region of France, the casks are only used solely to mature spirits.

    Chivas Regal 18 Ultimate Cask Collection First Fill French Oak Finish pays tribute to French luxury with a new box designed in textured paper of a deep navy blue colour and featuring a matte silver bow-tie shaped label distinct to Chivas Regal.

    To mark the launch, Pernod Ricard Travel Retail EMEA is creating in-airport experiences throughout May 2017, including merchandising in Dubai International Airport Concourse B and offering travellers the opportunity to take part in tastings of the blend at a specially created bar in London Heathrow Airport Terminal 4.

    The Glenlivet has released three Single Cask limited editions which will be exclusive to travel retail: The Glenlivet Fore Burn Single Cask, The Glenlivet Watercairn Single Cask and The Glenlivet Tarland Single Cask.

    The Glenlivet Fore Burn Single Cask is a 19 year old whisky. The Glenlivet Watercairn Single Cask is aged for 18 years in American bourbon casks, while The Glenlivet Tarland Single Cask is bottled at cask strength.

    To mark the launch, Pernod Ricard Travel Retail Asia Pacific is activating in airports in single malt hubs across Asia. Until the end of April 2017, travellers to Taoyuan International Airport have the opportunity to be in a distillery themed pop-up space and learn about The Glenlivet Fore Burn Single Cask through comparative tastings with travel exclusive range The Glenlivet Master Distiller’s Reserve. Upon purchase of The Glenlivet Fore Burn Single Cask, customers will receive a personalised luxe leather neck tag featuring their initials.

    At Hong Kong International Airport, travellers can participate in tastings to discover The Glenlivet Watercairn Single Cask throughout April 2017. This is coupled with further activity at Singapore Changi Airport; visitors will be treated to sensorial tastings of The Glenlivet Tarland Single Cask from May to June 2017 and have the opportunity to visit The Glenlivet bar in Terminal 2 to experience the full flavour profiles of single malt whiskies.

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  • First-half 2017 GTR sales improve at Pernod Ricard

    First-half 2017 GTR sales improve at Pernod Ricard

    Pernod Ricard saw improved performance in the global travel-retail (GTR) channel, helping sales and recurring operations to grow 4% organically in the first half of 2017 to €1.5bn ($1.6bn). Total group sales reached €5.061bn.

     

    The positive numbers in the travel-retail channel were as a result of new organisations getting up to speed. Improvement was also seen in the Americas region, where achieved +7% organic sales growth during H1 2017, more so than in the +4% growth recorded in the same period last year. Sales in the region’s travel-retail channel reached +14%, sparking a return to growth, which has been driven by Martell expanding its distribution channels and increasing its visibility across airports in the US.

    Martell saw sales grow +7%, with a return to strong growth in China, shaped by new product releases such as the Cordon Bleu Intense Heat Cask Finish, although all segments also seemed to see a positive lift. Ballantine’s also managed to see a sales lift in the Asia travel-retail market.

    Travel-retail Asia saw sales in modest decline, albeit an improvement on H1 2016. However, the scotch category is still faced with a tough market in the region and a competitive environment. Difficulties were also experienced in the European channel.

    Pernod Ricard Group chairman and CEO Alexandre Ricard declared: “Our half-year results are strong, delivering a continued performance improvement.  Our strategy remains consistent and is driving results.

    “For full-year FY17, in an uncertain environment, we plan to continue improving our business performance year-on-year vs. FY16. We will continue to support priority markets, brands and innovations while focusing on operational excellence. We expect to deliver organic growth in Profit from Recurring Operations in line with the guidance of +2% to +4%.”

    Photo of Pernod Ricard H1 2017 1

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  • DFS and Flemingo team with Pernod on promotion

    DFS and Flemingo team with Pernod on promotion

    The Mumbai Duty Free joint venture of DFS Group and Flemingo International teamed up with Pernod Ricard India recently for its third edition 2016 ‘Taste of Luxury’ promotion at Mumbai’s Chatrapati Shivaji International Airport Terminal ‘T2’.

    This offers the lucky winner the opportunity to try and win a luxury BMW X1 Expedition under this exclusive offer for participants spending $80 or more on Pernod Ricard luxury portfolio products.

    These products include Pernod Ricard’s leading Sotch whisky brands, including Chivas Regal, Royal Salute, The Glenlivet and Ballantine’s.

    Those who are eligible to enter simply complete a lucky draw entry ahead of the closing date January 31 where the winner will claim the BMW X1 Expedition prize.

    LUXURY PROMOTION…

    Commenting on the promotion, Nodjame Fouad, Marketing Director, Travel Retail Asia Pacific said: “At Pernod Ricard, we have always believed in delivering luxury experiences to our consumers at various touch points. This promotion at the Duty Free store of Mumbai international airport is one such touch point where consumers can enjoy our luxury brands and experiences”

    Manishi Sanwal, Managing Director, Mumbai Duty Free added: “In our constant quest to offer a greater value to our customers, we bring back the very successful ‘Win a BMW Car’ promotion yet again in this festive period of December-January.

    “We are extremely delighted to have partner brands like Pernod Ricard, who are always willing to support with greater excitement and engagement in their promotions”.

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  • Pernod Ricard TR sees Q1 improvement in Korea

    Pernod Ricard TR sees Q1 improvement in Korea

    According to Pernod Ricard travel retail witnessed an “improving trend in travel retail Americas” with a “return to growth [and] better performance from duty free across zone, product mix and pricing.”

    However, the travel retail division admitted that it battled a ‘difficult environment’ in Asia for Q1 ‘impacted by tough commercial negotiations’. More positively the same division said that Korea duty free appeared to show improvement.

    A sales decline for travel retail in Europe was apparently caused by weakness in Eastern Europe; something which the company has been battling for the last few years.

    Pernod-Ricard-Q1-FY2017

    Highlights from the Pernod Ricard Q1 FY2017 results. The company does not share its travel retail results, but does provide some commentary on the division.

    Group wide, For FY17, as indicated in September, Pernod Ricard expects good sales growth to continue in USA, India, Jameson and innovation. It also expects sales to improve vs FY16 in China, Absolut and Chivas.

    There will be a ‘continued focus on the operational efficiency roadmap and priority brands and innovations’ and ‘continued deleveraging and strong cash flow generation’.

    Pernod-Ricard-house-of-brands

    Pernod Ricard shares its strong lineup of strategic brands (for the whole group).

    For FY17 the company is looking for organic growth in profit from recurring operations between +2% and +4%.

    *Shipments brought forward from July to June2015 ahead of back-office mutualisation between Ricard and Pernod on 1 July 2015.

  • Pernod Ricard Asia troubles parent

    Pernod Ricard Asia troubles parent

    Despite difficulties in Asian travel retail, particularly in Korea, liquor supplier Pernod Ricard reports solid first-half 2015/2016 results totalling €5b ($5.7b) and organic growth of 3 per cent.

    It says the results represent a continued gradual improvement apart from difficulties for the Chivasbrand in the pernod Ricard Asia portfolio.

    There was a negative mix driven by geography – growth in India vs. a decline in China. Overall in Asia, the company had 5 per cent growth (or 4 per cent, taking into account the changing dates of the Chinese New Year) with double-digit growth in India. However, China declined by 2 per cent (down 8 per cent adjusting for Chinese New Year).

    “Our half-year results are solid, delivering a continued improvement in sales,” says chairman and CEO Alexandre Ricard. “Our strategy has remained consistent and is driving results, in particular in terms of innovation.”

    He says the company plans to continue improving its performance and will continue to support priority markets, brands and innovations.

    Pernod Ricard includes Cambodia, China, India, Indonesia, Malaysia, Sri Lanka, Thailand, The Philippines and Vietnam in its emerging markets, and lists its top 14 brands for organic growth as Absolut, Ballantine’s, Beefeater, Chivas Regal, Havana Club, Jameson, Kahlua, Malibu, Martell, Mumm, Perrier-Jouët, Ricard, Royal Salute and The Glenlivet.

    Formed in 1975 by the merger of Ricard and Pernod, the company has a workforce of about 18,000 people. Its decentralised organisation has six brand companies and 80 market companies in each key market.

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  • Pernod Ricard reports 3% first half organic growth

    Pernod Ricard reports 3% first half organic growth

    Pernod Ricard has delivered “solid” first half results as the spirits maker saw 3% organic sales growth in the six months to 31 December 2015.

    Sales totalled €4.96bn during the period which represented “gradual improvement” against the same period in 2014.

    Reported sales growth was 7%, boosted by the weakness of the euro compared to dollar and sterling revenues.

    Sales growth in the Americas was 4% compared to 2% growth a year ago and was largely driven by the US (3% up against flat growth last year).

    Europe saw a 1% sales improvement against flat sales in 14/15, with the growth driven by Spain and the UK, though there was decline in France and Russia.

    Results of the world was 5% ahead of last year, with double-digit growth in India, Africa/Middle East and Australia, but China fell by 2% and by 8% if adjusted for the earlier Chinese New Year.

    Pernod Ricard said it saw strong performance from Jameson, Martell, The Glenlivet, Perrier-Jouët, Mumm and Indian whiskies.

    However, performance was weaker for Chivas (due to Asia and travel retail) and Absolut (albeit amid improving underlying trends in the US).

    Alexandre Ricard, chairman and CEO said: “Our half year results are solid, delivering a continued improvement in Sales. Our strategy has remained consistent and is driving results, in particular in terms of innovation.

    “For full year FY15/16, in a still contrasted macroeconomic environment, we plan to continue improving our business performance year-on-year. We will continue to support priority markets, brands and innovations while focusing on operational excellence.”

    The company expects to deliver organic profit growth from recurring operations of between 1%-3%.

    Pernod Ricard shares fell 6.7% today to €92.89 on the continued weakness in China.

    Pernod Ricard has also instigated a number of organisational changes and a raft of job changes in its senior team effective from 1 July 2016.

    Firstly it is to simplify its Americas region to concentrate on its core business: the United States and Canada. Secondly, it will create two new management teams based around the lead countries of Mexico and Brazil in South America, reporting to Pernod Ricard EMEA. Thirdly, it has created the role of CEO, Global Travel Retail, which will be taken by Mohit Lal, currently MD of travel retail Asia.

    Job moves include Paul Duffy, currently chairman & CEO of The Absolut Company who will become CEO of Pernod Ricard North America, and is replaced at Absolut by Anna Malmhake, currently CEO of Irish Distillers.