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The Latest Breaking News from Pernod Ricard

Jack Daniel's maker misses sales estimates on weak consumer spending

Brown-Forman's first-quarter sales fell short of expectations, yet the company reaffirmed its annual financial goals. Economic worries from inflation and job market uncertainties are curbing consumer spending on alcohol, stabilizing whiskey sales while ready-to-drink products thrived. Similarly, competitor Pernod Ricard reported weakened demand in critical global markets. After releasing this…

The Economic Times

Pernod Ricard India sales rise 7% in FY26; IPO plan under discussion

Pernod Ricard reported seven percent sales growth in India for fiscal year twenty twenty six. The company is discussing a potential initial public offering in its second largest market. Global sales saw a decline while India demonstrated strong consumer demand and premiumization. The India-UK Free Trade Agreement is expected to…

The Economic Times

Pernod Ricard blames weak US, Chinese markets for 26% profit fall

Pernod Ricard has seen a significant decline in profits, primarily driven by soft market conditions in the US and China. The company's annual earnings faced challenges due to rising tariffs and a 14% drop in turnover linked to currency fluctuations.

The Economic Times

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FSSAI inspects Pernod Ricard plant, collects whisky samples in wider industry probe

Pernod Ricard's Bengaluru plant was inspected by India's food safety regulator, with officials collecting liquor samples and seeking documents as part of heightened scrutiny of the country's alcohol sector. Sources said the company was asked to improve hygiene and correct recycled-plastic markings, though no adverse findings have been issued against…

The Economic Times

Brown Forman Q4 Earnings Call Highlights

Brown Forman (NYSE:BF.A) said it finished fiscal 2026 ahead of its organic expectations, despite continued pressure from weaker discretionary spending in the U.S. and developed international markets, lower used barrel sales and the ongoing absence of American spirits from many Canadian shelves. Pre

MarketBeat

Delhi HC rejects Pernod Ricard's plea against denial of L1 liquor licence

The Delhi High Court has rejected Pernod Ricard's plea for an L1 wholesale liquor licence. The French spirits giant faced denial due to a pending money laundering case. Pernod Ricard argued that without a conviction, it should not be disqualified. The court's decision upholds the Delhi government's stance.

The Economic Times

Pernod’s Delhi drought deepens as Indian court rejects liquor sales plea

A French liquor giant's bid to restart sales in New Delhi has been denied by an Indian court. This marks three years since the company's products were unavailable in the capital. Pernod Ricard faces ongoing legal and tax challenges in India, its largest global market by volume. The company denies…

The Economic Times

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Forget limoncello! How Lillet became the fruity, floral drink of the summer

In 2008, only 70,000 cases of this classic French aromatised wine were sold. In 2024, that boomed to 1.3m. What accounts for its sudden enormous resurgence?

The Guardian - UK

Why Pernod Ricard is facing heat in one of its most crucial liquor markets

French liquor giant Pernod Ricard faces significant hurdles in India, its largest global market by volume. The company is embroiled in a massive federal tax dispute and an antitrust investigation. Additionally, Pernod is under scrutiny from India's financial crime agency regarding alleged collusion in Delhi's liquor license auctions.

The Economic Times

Authorities allege Pernod Richard withheld Scotch composition, age in effort to pay lower tariffs under $314 mln refund case

Indian tax authorities are in a legal fight with Pernod Ricard. Investigators claim the French company hid the true value of Scotch whisky imports. This led to a demand for 30 billion rupees in back taxes. Pernod Ricard denies wrongdoing. The company argues it was not given all the necessary…

The Economic Times

Indian regulators oppose Pernod Ricard's liquor plea, firm says business 'hopelessly fettered'

Indian regulators are opposing Pernod Ricard's latest court attempt to regain its Delhi liquor license. The French company's license was rejected due to serious allegations of collusion with retailers to boost market share. Pernod denies wrongdoing, but the ban has impacted its business for three years. The Delhi government cites…

The Economic Times

Spirits on the Rocks? The Battle for Jack Daniels

Brown-Forman's stock has risen as beverage giants Sazerac and Pernod Ricard compete for the iconic Jack Daniel's maker, signaling industry consolidation.

MarketBeat

A Brown-Forman Acquisition Could Be Brewing. Does That Mean You Should Buy the Dividend Stock Here?

Brown‑Forman is suddenly at the center of a potential bidding war, with both Pernod Ricard and privately held Sazerac reportedly circling the Jack Daniel's maker, sending shares up roughly 12% intraday and raising the question of whether that M&A premium is now fully baked into the price or still has…

Barchart

With Acquisition Talks Swirling, Should You Buy, Sell, or Hold Blue-Chip Brown-Forman Stock Here?

As merger talks between Brown-Forman and Pernod Ricard gather momentum, is Brown-Forman a compelling buy or a risky bet better left untouched?

Barchart

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Barchart

S&P Futures Slip on Middle East Conflict Uncertainty and China Trade Probes

June S&P 500 E-Mini futures (ESM26) are trending down -0.49% this morning as investors digested conflicting news about the Middle East conflict, while China escalated its trade dispute with the U.S.

The National (Scotland)

Revealed: how the whisky industry fought off pollution controls

INTENSE behind-the-scenes lobbying by the multinational whisky industry forced the Scottish Government’s green watchdog to back down on plans to…

Euronews

As tariffs bite, Deutsche Bank rises to rejoin Europe’s top index

The top lender’s return to the Euro Stoxx 50 after seven years marks a symbolic revival for Europe’s banks, as tariff-hit giants Stellantis, Nokia and Pernod Ricard are forced out.

Euronews

China hits Europe’s brandy exports with duties but adds exemptions

Beijing decided to impose anti-dumping duties of up to 34.9% for the next five years starting on Saturday, following an investigation into brandy imported from Europe.

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The Guardian - UK

Over a barrel: lack of sugar throws Cuba’s rum industry into crisis

This year’s tiny harvest casts doubt on the spirit’s recent resurgence, once a bright spot in the island’s economy

Salon

Giving up alcohol for good in 2025?

In recent years, abandoning alcohol has been embraced as a way of life, not just a mere one-month-long trend

International Business Times

New Twist In US-Cuba Trademark Fight Over Havana Club Rum

One rum, two owners: the decades-long legal battle between the Cuban government and spirits giant Bacardi over the popular Havana Club rum brand has entered a new phase with the enactment of a new US trademark law.

Fortune

$12 billion liquor giant Pernod Ricard inks MLS sponsorship for Jameson whiskey brand

Major League Soccer is coming off a record year that saw all-time highs in attendance and sponsorship revenue.

The Guardian - UK

Jacob’s Creek, Campo Viejo … the wines I grew up with are suddenly as relevant as Blue Nun

The commercial brands that flavoured my youth are being sold off, but there are still consistently good bottles under £10, if you look hard enough

The Guardian - UK

Pernod Ricard scraps PSG deal that left bitter taste among Marseille fans

Brand partnership for pastis, a traditional Marseille aperitif, with arch-rival decried as ‘stab in the back’

France 24

Marseille fans cry foul as iconic pastis maker Ricard teams up with bitter rivals PSG

Dispirited fans of Olympique Marseille have vowed to stop drinking the beloved anise-flavoured aperitif after beverage giant Pernod Ricard announced a commercial partnership with football rivals Paris Saint-Germain, sparking a heated row that has drawn in the mayor of France's second-largest city.

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