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Pernod Ricard

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Pernod Ricard S.A.
TypePublic Société Anonyme
Euronext: RI
CAC 40 Component
ISINFR0000120693 Edit this on Wikidata
IndustryAlcohol industry
Founded1975
FounderPaul Ricard
Headquarters
Paris
,
France
Area served
Worldwide
Key people
Alexandre Ricard (Chairman & Chief Executive Officer)[1]
ProductsAlcoholic beverages
Revenue€8.987 billion (2018)
€1.577 billion (2018)
Number of employees
18,914 (2018)
Websitepernod-ricard.com

Pernod Ricard is a French company that produces alcoholic beverages. The company's eponymous products, Pernod Anise and Ricard Pastis, are both anise-flavoured pastis apéritifs and are often referred to simply as Pernod or Ricard. The company also produces several other types of pastis. It is the world’s second-largest wine and spirits seller.[2]

After the banning of absinthe, Pernod Ricard was created from the Pernod Fils company, which had produced absinthe. Pernod Ricard owned the distilled beverage division of the former corporation Seagram (including brands like Chivas Regal) until 2006, along with many other holdings. In 2005, the company acquired a British-based competitor, Allied Domecq PLC.

In 2008, Pernod Ricard announced its acquisition of Swedish-based V&S Group, which produces Absolut Vodka. In 2013, Pernod Ricard joined leading alcohol producers as part of a producers' commitments to reducing harmful drinking.[3] As of 2015, India is the company's third largest market by value.[4]

In December 2018, Elliott Management Corporation purchased a 2.5% stake in Pernod Ricard.[5]

According to the NGO Alliance Anticorrida, Pernod Ricard was the major funder of bullfighting in France,[6][7] financing bullfighting clubs and sponsoring corridas despite the opposition of a majority of French citizens to blood sports. In 2020, Pernod Ricard ended the association with bullfighting clubs.[8]

History

Pernod in a glass with water and ice

Pernod

Main article: Pernod Fils
  • 1797 – Henri-Louis Pernod, a Swiss distiller, opens his first absinthe distillery in Switzerland.
  • 1805 – Maison Pernod Fils (simply known as Pernod Fils) is founded in Pontarlier, Franche-Comté, eastern France, by Henri-Louis Pernod and begins production of the anise-flavored liquor known as absinthe.
  • 1850 – Henri-Louis Pernod dies.
  • 1871 – Distillerie Hémard is founded near Paris.
  • 1872 – Société Pernod Père & Fils opens in Avignon.
  • 1915 – Production and consumption of absinthe is prohibited in France.
  • 1926 – All 3 distilleries merge to form Les Établissements Pernod.
  • 1951 – Pastis 51 is launched.
  • 1965 – Takeover of Distillerie Rousseau, Laurens et Moureaux, producer of Suze liquor since 1889.

Ricard

Main article: Ricard (drink)
  • 1932 – Ricard, which soon becomes France's favourite long drink, is founded in Marseille by Paul Ricard.
  • 1940 – Production of pastis is prohibited by the Vichy regime.
  • 1944 – Production of pastis becomes legal again.
  • 1968 – Paul Ricard retires; his son Patrick becomes CEO in 1978.

Pernod Ricard

Head office of Pernod Ricard, 12 place des États-Unis, Paris, 16th arr.
  • 1975 – Old rivals Pernod and Ricard merge to form Pernod Ricard S.A..
  • 1988 – Pernod Ricard acquires Irish Distillers (which includes Jameson Irish whiskeys).
  • 1989 – Pernod Ricard acquires Orlando Wyndham (makers of Jacob's Creek).
  • 1993 – Pernod Ricard works with Cuban companies to create Havana Club International.
  • 1998 – Pernod Ricard acquires the Yerevan Brandy Company.
  • 2001 – Pernod Ricard purchases 38% of Seagram's Wines and Spirits business.
  • 2005 – Pernod Ricard purchases Allied Domecq.
  • 2008 – Pernod Ricard purchases V&S Group, including the Absolut Vodka brand, from the Swedish government.[9]

Subsidiaries

  • Chivas Brothers Ltd - whisky and gin branch of Pernod Ricard. Owner of 13 Scotch malt distilleries, 1 grain distillery and 2 gin distilleries.
  • Pernod Ricard Winemakers – owner of Jacob's Creek, Brancott Estate, Campo Viejo, Ysios, Tarsus, Aura, Azpilicueta, and Siglo
  • Corby Distilleries - Canadian subsidiary; owner of Wiser's whisky, Lamb's rum; Hiram Walker & Sons Limited is majority shareholder of Corby and itself unit of Pernod Ricard
  • Pernod Ricard Rouss - subsidiary in the Russian Federation
  • Irish Distillers - Irish subsidiary
  • Pernod Ricard Armenia - Armenian subsidiary and owner of Yerevan Brandy Company
  • Pernaud Ricard Hellas – subsidiary in Greece[10]
  • Pernod Ricard India - Indian subsidiary

Brands

Pernod Ricard owns a wide variety of beverage brands worldwide. These include:

Whisky
Vodkas
Other

As of 26 July 2005, the brand portfolio expanded to include former Allied Domecq products:

Pernod Ricard previously owned the non-alcoholic chocolate beverage Yoo-hoo, which was acquired from a group of private investors in 1989. Pernod Ricard also previously owned the carbonated citrus drink Orangina. Both brands were sold in 2001 to Cadbury Schweppes.[11]

Controversies

Havana Club trademark conflict

The Havana Club brand, originally produced in Cárdenas, Cuba by family-owned José Arechabala S.A., was nationalized after the Cuban Revolution of 1959. There is an ongoing legal battle opposes the claimed trademark owners in the US to the joint venture between Pernod Ricard and the Cuban State-owned company Corporación Cuba Ron. The Havana Club trademark remains unchallenged elsewhere in the world, having been validated by court decisions in a number of countries other than the US.[12][13][14]

References

  1. ^ "Registration Document (with AMF) 2011/2012" (PDF). Pernod Ricard. Retrieved 8 December 2012.
  2. ^ "The bosses of two famous French firms struggle to keep customers". The Economist. 5 October 2017.
  3. ^ "Home | Producers' Commitments". Producers' Commitments. Archived from the original on 2015-12-22. Retrieved 2015-12-23.
  4. ^ "India third-largest market for spirit giant Pernod Ricard, sales cross Rs 10,000 crores". Retrieved 27 February 2017.
  5. ^ "Activist investor takes stake in Pernod Ricard".
  6. ^ "Alliance anti-corrida (Anti-Bullfighting Alliance)". Alliance anti-corrida. Archived from the original on 2015-06-26. Retrieved 2015-06-26.
  7. ^ "Pernod Ricard, le plus gros sponsor [Pernod Ricard, bullfighting's major sponsor]". Alliance anti-corrida. Retrieved 2015-06-26.
  8. ^ "Pernod Ricard ends association with bullfighting clubs". www.drinks-insight-network.com. Retrieved 2020-10-01.
  9. ^ "Pernod wins auction for Vin & Sprit". The Local. 2008-03-31. Retrieved 2008-03-31.
  10. ^ "Pernod Ricard Hellas - The world's co-leader in wines and spirits". www.pernod-ricard-hellas.com. Retrieved 17 April 2018.
  11. ^ Hays, Constance L. (2000-01-26). "Orangina's owner still wants to sell brand, if the price is right". The New York Times. Retrieved 2016-09-02.
  12. ^ "Bacardi Havana Club trademark - bad US politics makes for bad US business". Havana Journal. Retrieved 2011-05-30.
  13. ^ Decker, Susan (2011-03-29). "Pernod Ricard Loses Appeals Court Ruling in Bacardi 'Havana Club Fight". Bloomberg. Retrieved 2011-05-30.
  14. ^ "STATEMENT FROM BACARDI U.S.A., INC. ON THE U.S. COURT OF APPEALS RULING REGARDING HAVANA CLUB RUM REGISTRATION". Bacardí Limited. Archived from the original on 2011-09-04. Retrieved 2011-05-30.

External links

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