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Weak Chinese and US markets weigh on Pernod Ricard sales

French spirits maker Pernod Ricard, which owns Irish Distillers, saw steep declines in all but one of its key markets in the first quarter, it said today, as global tariffs and weak economies further pressure the embattled spirits sector.

Business • 16 Oct

Irish Distillers' annual global net sales rise by 2%

Irish Distillers, which makes Jameson Irish whiskey, has reported a 2% increase in global net sales for its full financial year, which ended on June 30.

Business • 28 Aug

China spares cognac makers from EU brandy dumping duties

China spared major cognac producers Pernod Ricard and Remy Cointreau from new duties of up to 35% on EU brandy announced today, provided they sell at a minimum price.

Business • 04 Jul

Pernod Ricard in restructuring plan as spirits sale drop

Pernod Ricard is streamlining its business by grouping brands into two main divisions, according to internal presentation slides seen by Reuters, as European spirits makers grapple with a downturn in sales.

Business • 19 Jun

Pernod Ricard has posted a 3% decline in third-quarter sales, missing forecasts as tariff uncertainty rocks the already-struggling spirits sector

Pernod Ricard's third quarter sales miss forecasts

Pernod Ricard has today reported a 3% decline in third-quarter sales, missing forecasts as tariff uncertainty rocks the already-struggling spirits sector.

Business • 17 Apr

Pernod Ricard considers sale of Mumm champagne - sources

Pernod Ricard is exploring a sale of its champagne brand GH Mumm, according to five sources familiar with the matter, as it looks to focus on premium labels in its portfolio.

Business • 07 Feb

Irish Distillers owner Pernod Ricard has cut its 2025 and longer-term outlook and brought forward issuing of its first half results

Pernod cuts 2025 sales outlook on challenges in US, China

Pernod Ricard has today cut its sales forecasts for 2025 and beyond as tariffs, especially affecting its Martell cognac brand in China, weigh on the French spirits maker during an already tough time for the industry.

Business • 06 Feb

Pernod Ricard owns Jameson Whiskey, Martell cognac, Mumm champagne and Absolut vodka

China woes drag down Pernod Ricard's first quarter sales

French spirits maker Pernod Ricard said it still expected to return to sales growth in the 2024/25 fiscal year despite reporting a worse-than-expected 5.9% fall in first quarter sales, caused partly by weakness in China.

Business • 17 Oct 24

France's Pernod Ricard has today reported a 1% fall in full-year organic sales - in line with forecasts and its own guidance

Pernod Ricard's sales fall 1% in line with estimates

Irish Distillers owner Pernod Ricard today forecast that its sales will grow again next year even as challenges in the US and Chinese markets persist, after reporting an annual 1% drop largely in line with forecasts and its own guidance.

Business • 29 Aug 24

Pernod Ricard sells bulk of wine unit to focus on spirits

Pernod Ricard said today it agreed to sell the majority of its wine portfolio to the owners of Australia's Accolade Wines, disposing of a dragging division to focus on its core business of spirits.

Business • 17 Jul 24

Pernod Ricard owns Jameson Irish whiskey, Martell cognac, Mumm champagne and Absolut vodka

Pernod Ricard expects flat full-year sales after tough H1

French spirits maker Pernod Ricard said today it now expected sales to flatline this year after a tough first six months, but is banking on improved demand in key Chinese and US markets from the second half.

Business • 15 Feb 24

Remy Cointreau and Pernod Richard sell cognac under brands including Hennessy, Remy Martin and Martell

Remy, Pernod shares fall on China EU brandy probe

Shares in French spirits companies Remy Cointreau and Pernod Ricard fell today after China announced the launch of an anti-dumping investigation on brandy imported from the European Union.

Business • 05 Jan 24

Jameson owner Pernod Ricard has forecast higher sales for the full year

Pernod Ricard confident on annual sales growth

French spirits maker Pernod Ricard has today forecast higher sales in fiscal year 2023-24 despite reporting an expected 2% drop in its first-quarter sales due to weaker consumer demand in China.

Business • 19 Oct 23

Pernod 'continuously exploring options' for portfolio

French spirits group Pernod Ricard said today it is "continuously exploring options" for its business portfolio.

Business • 20 Sep 23

Pernod Ricard's brands include Absolut vodka

Pernod Ricard annual results beat expectations

Pernod Ricard has today warned that sales would decline in Chinese and US markets in its first quarter to September 30, sending shares in the drinks group down 4% despite forecast-beating annual results.

Business • 31 Aug 23

Activists staged a protest at the Dublin headquarters of Pernod Ricard yesterday, calling on Jameson's parent companies Irish Distillers and Pernod Ricard to reverse their decision on Russian exports

Pernod 'working to find a way' to end exports to Russia

French drinks giant Pernod Ricard has indicated that it has decided to end exports of Jameson whiskey to Russia.

Business • 28 Apr 23

Pernod Ricard owns Irish Distillers, which has resumed exports of Jameson Whiskey to Russia

Protest over resumption of Jameson exports to Russia

Ukrainians living in Ireland have joined a growing chorus of condemnation of the decision by French drinks group, Pernod Ricard, to resume exporting some products, including Jameson whiskey, to Russia.

Business • 27 Apr 23

New Delhi city refuses to renew Pernod's sale licence

India's capital New Delhi has rejected Pernod Ricard's application to renew its liquor sale licence, citing ongoing investigations into the company.

Business • 18 Apr 23

Pernod Ricard is the world's second-biggest spirits group behind Diageo

Pernod Ricard confident about Europe, Mid-East, Africa

French spirits group Pernod Ricard is confident that its business in Europe, the Middle East, Africa and Latin America (EMEA/LATAM) will continue to deliver above market sales growth while protecting its margins in the 2023 fiscal year,

Business • 22 Nov 22

Pernod Ricard owns Irish Distillers which makes Jameson Irish whiskey

Pernod Ricard's Q1 sales beat expectations

French spirits maker Pernod Ricard said today it was confident sales growth would remain dynamic through its 2023 fiscal year after it delivered a forecast-beating 11% sales growth in the first quarter helped by price increases in the US, its top market.

Business • 20 Oct 22

The digital labelling initiative is starting with a European pilot programme across Pernod Ricard's strategic international brands, include Jameson Irish whiskey

Irish Distillers adds new digital label solution

Irish Distillers, which is owned by Pernod Ricard, has launched a digital e-label system which will better inform consumers about the products they are consuming, as well as encourage responsible drinking.

Business • 28 Sep 22

Pernod Ricard is the world's second biggest spirits group

Pernod Ricard's annual results beat forecasts

Pernod Ricard has today posted a stronger-than-expected 19% organic rise in its full-year 2021/22 operating profit, driven by strong demand for its premium spirits in Europe, China and the US and cost control.

Business • 01 Sep 22

Outgoing Irish Distillers chairman and CEO Conor McQuaid

Irish Distillers chairman to leave for new Paris job

Irish Distillers, which counts Jameson Whiskey among its brands, said today that its Chairman and chief executive Conor McQuaid will leave his current role to take up a new role with the company's parent group Pernod Ricard.

Business • 07 Apr 22

Conor McQuaid, Chairman and CEO of Irish Distillers

Irish Distillers sees record H1 sales of Jameson

Irish Distillers said it sold 5.8 million cases of Jameson whiskey in the first six months of its financial year to December 2021.

Business • 10 Feb 22

Pernod Ricard has reported a rebound in demand for Jameson Irish whiskey in the US

Pernod Ricard Q1 sales beat forecasts on strong demand

French spirits maker Pernod Ricard said it expected sales growth to continue through its 2022 fiscal year, although it could moderate a touch.

Business • 21 Oct 21