Welcome to our dedicated page for Pernod Ricard S news (Ticker: PRNDY), a resource for investors and traders seeking the latest updates and insights on Pernod Ricard S stock.
The PRNDY news page aggregates recent announcements and brand communications connected to Pernod Ricard S.A. and its U.S. subsidiary, Pernod Ricard USA. These items provide insight into how the global premium spirits and wine group develops its portfolio, approaches sustainability, and engages with consumers through marketing, partnerships and category-focused initiatives.
Readers can find coverage of brand campaigns for labels such as Malibu, Absolut and The Glenlivet, where the company outlines collaborations with public figures, new creative platforms and consumer research. For example, Malibu features in campaigns encouraging work-life balance and "vacation you" themes, while Absolut has highlighted a collaboration with Paris Hilton around the Cosmopolitan cocktail and related drinkware. The Glenlivet appears in stories that connect Scotch whisky heritage with contemporary culture and design.
News related to champagne and sparkling wine includes G.H. Mumm’s partnership with TOWT to ship champagne by sailing cargo ship from Le Havre to New York, framed as part of Pernod Ricard’s path toward carbon neutrality by 2050. This type of coverage illustrates how the group links brand activity with broader environmental objectives across viticulture, packaging, distillation and transport.
Corporate and category developments also appear in the feed. Examples include the establishment of North American Distillers to oversee the American whiskey portfolio, as well as a new Route-to-Market strategy for Pernod Ricard USA that introduces dedicated divisions for ready-to-drink offerings and emerging brands. There is also information on the "Good Nights Are Safe Nights" initiative, which focuses on responsible nightlife and harm reduction in partnership with Safe Night LLC.
By following PRNDY news, investors and observers can see how Pernod Ricard’s global positioning as a premium spirits and wine group is reflected in its U.S. operations, brand strategies, sustainability projects and responsibility programs. This page can be revisited to monitor new campaigns, category moves and corporate initiatives as they are announced.
Pernod Ricard has initiated a share buyback program worth €150 million, starting from October 31, 2022, which may last until November 22, 2022. This action is part of a broader buyback strategy aiming to repurchase between €500 million to €750 million in FY23. The maximum share price for this buyback is capped at €280 per share, as determined in the November 2021 Shareholders’ Meeting. With FY22 consolidated sales of €10,701 million, Pernod Ricard is the second-largest global producer of wines and spirits, owning a diverse portfolio of 16 top brands.
Pernod Ricard USA has appointed Publicis Santé as its new media agency of record, aiming to enhance its marketing strategy across spirits, wine, and RTDs. This partnership focuses on leveraging data-driven insights to optimize omnichannel experiences and improve brand conversion rates. The collaboration is aligned with Pernod Ricard's ongoing development of its internal Marketing Accelerator, which aims to integrate media, content, data, and technology for enhanced consumer engagement and business growth.
Pernod Ricard reported Q1 FY23 sales of €3,308 million, reflecting organic growth of +11%. Key performance highlights include strong distributor depletions in the US, and significant growth in China and India. The company experienced double-digit growth in all spirit segments, with Strategic International Brands up 12% and Specialty Brands up 16%. However, Strategic Wines saw an 8% decline. Reported sales growth reached 22% driven by favorable forex impact, primarily from the US Dollar and Chinese Yuan.
Pernod Ricard has signed an agreement to acquire a majority stake in Código 1530 Tequila, enhancing its portfolio of ultra-premium spirits. Founded in 2016, Código offers a range of high-quality tequilas and is operational in all 50 US states and over 30 countries. This acquisition aims to leverage Pernod Ricard's distribution expertise to accelerate Código's global growth. The partnership will also introduce two new Mezcal products to Pernod's existing agave portfolio, which includes brands like Olmeca and Avion.
Pernod Ricard (Euronext: RI) announced a significant increase in its minority stake in Sovereign Brands, enhancing their long-term partnership initiated in September 2021. This transaction will allow Pernod Ricard to fully consolidate Sovereign Brands into its financial statements, with expectations of a +3% accretive effect on its profit from recurring operations. The partnership has already accelerated the growth of Sovereign’s brand portfolio, including Luc Belaire and Bumbu, and plans a new brand launch soon. The deal's closing is anticipated in November 2022, pending regulatory approvals.
Pernod Ricard announces its collaboration with Casa Lumbre and Lenny Kravitz to launch Nocheluna Sotol, a premium spirit from Mexico's Chihuahuan Desert. Nocheluna aims to set a standard in the emerging Sotol category, distinguished by its unique flavor profile derived from the wild Dasylirion plant. The global launch begins in the U.S. market. Pernod Ricard, the world’s second-largest wine and spirits producer, emphasizes innovation and craftsmanship in their products, seeking to introduce authentic spirits to new consumers.
Pernod Ricard has announced the creation of a new business unit designed to expand its direct-to-consumer and niche B2B segments. Effective November 2, 2022, this unit will incorporate The Whisky Exchange, Drinks & Co, and Bodeboca, focusing on innovative products and exceptional consumer experiences. Nicolas Oudinot has been appointed CEO, bringing 20 years of luxury and digital expertise. This initiative aligns with Pernod Ricard's Transform & Accelerate strategy and aims to leverage growing demand for premium products and e-commerce in the spirits industry.
Pernod Ricard USA, along with Republic National Distributing Company (RNDC), announced a $25,000 donation to the Kentucky Distillers' Association to assist flood relief efforts in Kentucky, honoring National Bourbon Heritage Month. The donation follows severe flooding that displaced thousands and impacted homes and businesses. Pernod Ricard emphasizes its commitment to supporting the bourbon-producing region and acknowledges the contributions of Kentucky to its whiskey portfolio. The funds aim to help restore the communities affected by the disaster.
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Pernod Ricard USA has launched the Olmeca Altos Margarita Classic Lime, a ready-to-serve cocktail aimed at enhancing at-home drinking experiences. This product features premium ingredients including Olmeca Altos Plata Tequila and natural lime flavor, retailing at $19.99 for a 750mL bottle. The drink embodies the brand’s commitment to quality and has been recognized as the best tequila for margaritas for three consecutive years. The integrated campaign 'It Takes Two to Altos' reflects the brand's philosophy of celebrating moments with cocktails.