Pernod Ricard (French: [pɛʁno ʁikaʁ]) is a French company best known for its anise-flavoured pastis apéritifs Pernod Anise and Ricard Pastis (often referred to simply as Pernod or Ricard). The world's second-largest wine and spirits seller,[3] it also produces several other types of pastis.
 | |
| Company type | Public (Société Anonyme) |
|---|---|
| Euronext Paris: RI
CAC 40 component | |
| ISIN | FR0000120693  |
| Industry | Drink industry |
| Founded | 1975 |
| Founder | Paul Ricard |
| Headquarters | , France |
Area served | Worldwide |
Key people | Alexandre Ricard (Chairman & Chief Executive Officer)[1] |
| Products | Alcoholic beverages |
| Revenue |  €12.14 billion (2023)[2] |
| €3.35 billion (2023) | |
| €2.28 billion (2023) | |
Number of employees | 19,480 (2023) |
| Website | pernod-ricard |
History
editPernod
edit- 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 spirit 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.
Pernod mixed with water and ice
Ricard
edit- 1932 – Ricard, which soon becomes France's favorite long drink, is founded in Marseille by Paul Ricard.
- 1940 – Production of pastis is prohibited by the Vichy regime.[clarification needed]
- 1944 – Production of pastis becomes legal again.
- 1968 – Paul Ricard retires; his son Patrick becomes CEO in 1978.
A bottle of Ricard
Pernod Ricard
editIn 1975, the companies of Pernod Fils and Ricard, the two largest French aniseed aperitif producers and fierce competitors, merged creating the Pernod Ricard group.[4]
In 1988, Pernod Ricard acquired Irish Distillers makers of Jameson Irish whiskeys.[5]
In 1989, Pernod Ricard acquired Orlando Wyndham makers of Jacob's Creek.[6]
In 1993, Pernod Ricard worked with Cuban companies to create Havana Club.[7]
In 1999, Pernod Ricard acquired the Yerevan Brandy Company.[8]
In 2001, Pernod Ricard acquired 38% of Seagram's Wines and Spirits business including Chivas Brothers Ltd makers of Chivas Regal and owner of 13 Scotch malt distilleries, 1 grain distillery and 2 gin distilleries.[9]
In 2001, Pernod Ricard acquired Jan Becher, makers of Becherovka.
In 2005, Pernod Ricard acquired Allied Domecq, makers of Ballantine's.[10]
In 2008, Pernod Ricard announced its acquisition of Swedish-based V&S Group, which produces Absolut Vodka, from the Swedish government.[11]
In 2013, Pernod Ricard joined leading alcohol producers as part of a producers' commitments to reducing harmful drinking.[12]
In December 2018, Elliott Management Corporation purchased a 2.5% stake in Pernod Ricard.[13]
According to the Anti-Corrida Alliance, Pernod Ricard was the major funder of bullfighting in France,[14][15] 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.[16]
In 2022, Pernod Ricard acquired the French ready-to-serve cocktail brand, Cockorico.[17]
In December 2022, Pernot Ricard announced plans to open a US$250 million carbon-neutral whiskey distillery in Marion County, Kentucky in 2025.[18]
In 2023, Pernod Ricard decided to resume limited exports of Beefeater Gin and Jameson Irish Whiskey to Russia.[19][20] After being faced with protests and calls for a portfolio-wide boycott of all its brands Pernod Ricard decided to end all exports of its international brands to Russia.[21]
In December 2023, Pernod Ricard has released The Chuan Pure Malt Whisky, its inaugural Chinese whisky.[22]
Subsidiaries
edit- Pernod Ricard Armenia – Armenian subsidiary and owner of Yerevan Brandy Company
- Pernod Ricard Hellas – subsidiary in Greece[23]
- Pernod Ricard India – Indian subsidiary
- Pernod Ricard Rouss – subsidiary in the Russian Federation
- Pernod Ricard Winemakers – owner of Jacob's Creek, Brancott Estate, Campo Viejo, Ysios, Tarsus, Aura, Azpilicueta, and Siglo
- Chivas Brothers Ltd – whisky and gin branch of Pernod Ricard, makers of Chivas Regal and Royal Salute
- 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
- Irish Distillers – Irish subsidiary and makers of Jameson Irish Whiskey, Powers, Redbreast and Midleton Very Rare
Brands
editPernod Ricard beverage brands include:[24]
- Apéritif: Italicus, Lillet, Pernod, Ricard, Suze
- Brandy & Cognac: Ararat, Augier, Macieira, Martell
- Gin: Beefeater, Cork Dry, KI NO BI, Malfy, Monkey 47, Plymouth Gin, Seagram's Gin, Ungava
- Liqueurs & Bitters: Becherovka, Kahlúa, Minttu, Ramazzotti
- Rum: Gosling Rum, Havana Club, Malibu
- Tequila & Mezcal: Avión, Código 1530, Del Maguey, Olmeca, Olmeca Altos
- Vodka: Absolut, Explorer, L’Orbe, Luksusowa, Ostoya, Renat, Wyborowa
- American whiskey: Jefferson's Bourbon, Rabbit Hole’s, Smooth Ambler, TX Whiskey
- Canadian whisky: J.P. Wiser's, Lot No. 40
- Chinese whisky: The Chuan Pure Malt Whisky
- Irish whiskey: Clontarf, Crested Ten, Green Spot, Jameson, Method and Madness, Knappogue Castle, Midleton Very Rare, Powers, Redbreast
- Indian whisky: Blenders Pride, Royal Stag, Imperial Blue
- Scotch whisky:
- Single malt Scotch whisky: Aberlour, Glen Keith, The Glenlivet, Longmorn, Scapa
- Blended Scotch whisky: Ballantine's, Chivas Regal, Long John, Passport, Royal Salute, Something Special, 100 Pipers
- Wine: Jacob's Creek, Brancott Estate, Campo Viejo, Church Road, George Wyndham, Kenwood Vineyards, West Coast Cooler, Helan Mountain
- Champagne: G. H. Mumm, Perrier-Jouët
- 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.[25]
References
edit- ^ "Registration Document (with AMF) 2011/2012" (PDF). Pernod Ricard. Archived from the original (PDF) on 2013-06-12. Retrieved 8 December 2012.
- ^ "FY23 Full-year Sales and Results". Pernod Ricard. Retrieved 30 August 2023.
- ^ "The bosses of two famous French firms struggle to keep customers". The Economist. 5 October 2017.
- ^ "Pernod Ricard". Drinks and Co. 17 January 2021. Archived from the original on 13 July 2021. Retrieved 14 July 2021.
- ^ "Pernod-Ricard Prevails in Battle for Irish Distillers". The New York Times. 25 November 1988. Retrieved 17 August 2018.
- ^ "About St Hugo". Wine-Searcher. 12 October 2016. Retrieved 2018-06-24.
- ^ Decker, Susan (29 March 2011). "Pernod Ricard Loses Appeals Court Ruling in Bacardi 'Havana Club Fight". Bloomberg.com. Retrieved 9 January 2015.
- ^ "PERNOD RICARD ACQUIRES FAMED YEREVAN BRANDY COMPANY". jamestown.org. Retrieved 2024-07-19.
- ^ Kapner, Suzanne (2000-12-20). "Diageo and Pernod Buy and Divide Up Seagram Beverage Assets". The New York Times. Retrieved 2023-10-22.
- ^ Pernod Ricard successfully completes acquisition of Allied Domecq Archived 3 June 2012 at the Wayback Machine, from the Pernod Ricard website
- ^ "Pernod wins auction for Vin & Sprit". The Local. 2008-03-31. Retrieved 2008-03-31.
- ^ "Home | Producers' Commitments". Producers' Commitments. Archived from the original on 2015-12-22. Retrieved 2015-12-23.
- ^ "Activist investor takes stake in Pernod Ricard". 12 December 2018.
- ^ "Alliance anti-corrida (Anti-Bullfighting Alliance)". Alliance anti-corrida. Archived from the original on 2015-06-26. Retrieved 2015-06-26.
- ^ "Pernod Ricard, le plus gros sponsor [Pernod Ricard, bullfighting's major sponsor]". Alliance anti-corrida. Archived from the original on 2015-06-26. Retrieved 2015-06-26.
- ^ "Pernod Ricard ends association with bullfighting clubs". www.drinks-insight-network.com. Retrieved 2020-10-01.
- ^ "Pernod Ricard France acquires majority stake in cocktail brand Cockorico". FoodBev Media. 2022-12-23. Retrieved 2022-12-23.
- ^ Worford, David (2022-12-12). "Pernod Ricard Plans Carbon-Neutral Kentucky Distillery". Environment + Energy Leader. Retrieved 2022-12-13.
- ^ Abdul, Geneva; Belam, Martin; Mackay, Hamish; Sullivan, Helen; Belam, Geneva Abdul (now); Martin; Sullivan (earlier), Helen (2023-04-25). "Russia-Ukraine war live: Ukrainian forces 'conducting raids' across Dnieper River". the Guardian. ISSN 0261-3077. Retrieved 2023-04-25.
{{cite news}}: CS1 maint: multiple names: authors list (link) - ^ "Pernod Ricard resumes Beefeater and Jameson exports to Russia". BBC. BBC News. April 26, 2023. Retrieved 27 April 2023.
- ^ Collins, Georgie (2023-05-15). "Pernod Ricard halts exports to Russia". The Spirits Business. Retrieved 2023-10-21.
- ^ Carruthers, Nicola (2023-12-13). "Pernod reveals its first Chinese whisky". The Spirits Business. Retrieved 2023-12-16.
- ^ "Pernod Ricard Hellas – The world's co-leader in wines and spirits". www.pernod-ricard-hellas.com. Retrieved 17 April 2018.
- ^ "Our Brands | Pernod Ricard". www.pernod-ricard.com. Retrieved 2023-10-21.
- ^ 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.
External links
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