Exclusive news and research on the wine, spirits and beer business

Interview: Pierre Pringuet, CEO, Pernod Ricard

French spirits giant Pernod Ricard has undergone one of the drinks industry’s most dramatic expansions over the past 15 years—a transformation that coincided with the tenure of top executive Pierre Pringuet, who became the company’s co-CEO in 2000 and CEO in 2008. Following a series of blockbuster acquisitions in the 2000s—including Seagram (with Diageo) in 2001, Allied Domecq (with Fortune Brands) in 2005 and Absolut in 2008—Pernod has grown from being a mainly European powerhouse to become the second-largest spirits player worldwide. Company volume rose 4.2% to 128 million nine-liter cases in 2013, according to Impact Databank, while net sales were flat organically at €7.95 billion ($9.76b) in its fiscal year through June. With Pringuet set to hand the CEO reins to Alexandre Ricard on February 1, Shanken News Daily senior editor Daniel Marsteller met recently with the departing chief executive to discuss Pernod’s long-term progress and its opportunities for the future. Continue reading →

Posted in News on December 19, 2014

News Briefs for December 19, 2014

•A Wegmans Food Markets in Ithaca, NY was given final approval for expansion earlier this week by the city’s Planning and Development Board, according to a report in the Ithaca Times.  Continue reading →

Posted in News on December 19, 2014

Craft Brewing And Distilling News for December 19, 2014

•Massachusetts-based Jack’s Abby Brewing will break ground on an expanded brewery this upcoming spring in the downtown area of its hometown, Framingham, expected to open in late 2015. Continue reading →

Posted in News on December 19, 2014

Cigar Aficionado Explores The New Chapter In U.S.-Cuba Relations

Yesterday, the United States government announced sweeping changes to its longstanding embargo against Cuba. Continue reading →

Posted in News on December 18, 2014

Cuban Rum Still On Sidelines Despite Diplomatic Deal

While the U.S. and Cuba have agreed to restore full diplomatic relations for the first time in more than 50 years, there’s no sign that Cuban rum will enter the U.S. market any time soon—at least not in large quantities. Continue reading →

Posted in News on December 18, 2014

News Briefs for December 18, 2014

•Cigar Aficionado is poised to unveil its Cigar of the Year for 2014—a culmination of test smoking more than 700 cigars throughout the year. Continue reading →

Posted in News on December 18, 2014

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