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pernod ricard

August 30, 2012

It has been a week of contrasting fortunes for Italian family businesses as Exor’s half-yearly profits plummeted while Ferragamo’s rose significantly.

It has been a week of contrasting fortunes for Italian family businesses as Exor’s half-yearly profits plummeted while Ferragamo’s rose significantly. Meanwhile, France's Pernod Ricard reported an increase in full-year earnings and Malaysian investment group Genting Berhad posted lower quarterly profits.

August 20, 2012

Patrick Ricard, who oversaw the rapid expansion of global wine and spirits company Pernod Ricard, died on 17 August aged 67.

Patrick Ricard, who oversaw the rapid expansion of global wine and spirits company Pernod Ricard, died on 17 August aged 67.

January 5, 2011

Pernod Ricard, the family-managed drinks company, hopes to become the world’s leading spirits manufacturer by expanding its US operations.

Pernod Ricard, the family-managed drinks company, hopes to become the world's leading spirits manufacturer by expanding its US operations.

The Marseilles-based company, the world's second-biggest spirits manufacturer by sales, believes the US has mature and profitable markets that are ripe for growth, according to a report in the Financial Times.

September 6, 2010

Pernod Ricard, the Paris-based drinks group, recorded a rise in profits in 2009/10 despite seeing a slight drop in revenues.

Pernod Ricard, the Paris-based drinks group, recorded a rise in profits in 2009/10 despite seeing a slight drop in revenues.

Reporting its full year results on 2 September, the world's second-largest spirits group by sales said net profit had risen by 1% to €951 million for the year ending 30 June, but saw revenues fall by 2% to €7 billion. Its results were helped by an overall reduction in debt and strong growth in Asian markets.

August 27, 2009

Professor Randel Carlock, INSEAD’s Berghmans Lhoist chaired professor in Entrepreneurial Leadership and director, Wendel International Centre for Family Enterprise, outlines strategies to help your family business through the current storm.

In recent months many firms have laid off employees, shelved growth plans and cut budgets as the recession and general pessimism continues to afflict the business world. Amid the deepest and most widespread economic downturn for more than 50 years, international trade is forecast to fall by more than 13% and world economic activity to shrink by 2.7%, according to Paris-based body the Organisation for Economic Co-operation and Development (OECD).

July 1, 2008

The prospect of a family member succeeding Patrick Ricard at the family-owned drinks company came a little closer today as a member of the third generation stepped up as part of a company-wide shake up.

The prospect of a family member succeeding Patrick Ricard (pictured) at the family-owned drinks company came a little closer today as a member of the third generation stepped up as part of a company-wide shake up.

Patrick's nephew Alexandre Ricard moves up to take the post of chairman & CEO Irish Distillers. Alexandre, 35, has been managing director of Pernod Ricard Asia Duty Free since September 2006. He joined the business in 2003 as an audit and business development manager after graduating from ESCP and Wharton.

March 31, 2008

A family-owned company has become the joint global leader in the wine and spirits industry.

A family-owned company has become the joint global leader in the wine and spirits industry. Through its €5.6 billion acquisition of Absolut vodka owner Vin & Spirit, Pernod Ricard, which is owned by the Ricard family, joined Diageo at the top of the drinks industry.

Absolut is the number one premium vodka in the world and the top selling premium spirits brand in the US. It is seen as a “unique asset” to Pernod Ricard’s drinks portfolio, which includes Glenlivet, Malibu and Jacob’s Creek wine.

January 28, 2008

Financial results unveiled by family-owned drinks firm Pernod Ricard have been described as “historic” by the group’s chairman and CEO, Patrick Ricard, a second-generation member of the France-based family.

Financial results unveiled by family-owned drinks firm Pernod Ricard have been described as "historic" by the group's chairman and CEO, Patrick Ricard (pictured), a second-generation member of the France-based family.

Consolidated net sales for the period 1st July–31 December 2007 increased by 5.9% to €3.7 million. The company identified the growth as resulting from outstanding organic growth, the loss in value of the US dollar, and its disposal of the Rich & Rare business.

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