Pernod Ricard, the world’s second-largest spirits group, reported revenue slump of 8.5% to €2.783 billion and a 5.9% organic decline for the first quarter of fiscal year 2025, as a challenging macroeconomic environment in China and ongoing inventory adjustments in the US contributed to an underwhelming performance.
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Pernod Ricard, the world’s second-largest wine and spirits seller has announced a 12% increase in sales for H1 FY23.
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The corporate world is very fond of quoting an old adage: “Commerce hates noise.” Yet vodka brands cannot hide from the upheaval caused by Ukraine, rising inflation and post-pandemic behavioural shifts. With the political, economic, and social environment in a state of realignment, spirit brands have been presented with a unique set of opportunities, and threats, in 2022.
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Pernod Ricard, the No.2 worldwide producer of wines and spirits, has announced its sales for the first nine months of FY22, and the results are very strong despite a volatile global market.
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Vodka brand Absolut has revealed a new bottle design and remixed flavoured range in what will be the brand’s biggest shake-up since its launch in 1979.
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Pernod Ricard’s flagship vodka brand, Absolut, has launched its latest limited-edition bottle made of 60% recycled glass, making it the brand’s most sustainable glass bottle to date.
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Sales growth at global drinks giant Pernod Ricard has slowed, with first-quarter turnover of €2.483bn revealing underlying growth of just 1.3%, in line with expectations.
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