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Pernod Ricard Acquires German Hipster Favorite Monkey 47 Gin

  • Acquisition reflects Pernod's hunt for more craft spirits
  • Deal terms not disclosed; founder Alexander Stein will remain
Updated on

Pernod Ricard SA acquired a majority stake in Black Forest Distillers GmbH, the maker of Monkey 47 gin, adding the first upmarket gin to its spirit collection.

The price wasn’t disclosed and the deal is subject to regulatory approval, the Paris-based distiller said in a statement Friday, confirming an earlier Bloomberg News report. Alexander Stein, the founding owner and chief executive officer of Lossburg, Germany-based Black Forest Distillers, will maintain his role.