Pernod Ricard

2 Stories

Champagne Loses Fizz With Economy

Industry is worried a tough holiday season will leave sales flat

(Newser) - Champagne companies are anything but bubbly this year as they head into what’s predicted to be a “horrible” holiday season, hurt by a sagging US economy and weak dollar, reports Advertising Age. November and December are crucial for the industry, with as much as 25% of sales during... More »

Pernod Spirits High After $8.3B Absolut Buy

French company pays $8.3B for premium vodka brand

(Newser) - French liquor giant Pernod Ricard's spirits were soaring after its $8.34 billion bid won it ownership of Sweden's state-owned Vin & Spirit, the parent company of Absolut vodka. Pernod topped US-based Fortune Brands in an auction for the purchase, the Wall Street Journal reports, and is now the wine... More »

2 Stories