Deals
Pernod Ricard Seeks Sale of Wine Brand Portfolio Again
A line of Pernod Ricard bottles at the company’s alcoholic beverage plant and warehouse in Vendeville, France.
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
French spirits maker Pernod Ricard SA is exploring a potential sale of its wine portfolio that features brands including Australia’s Jacob’s Creek, St Hugo and New Zealand’s Stoneleigh, according to a person familiar with the matter.
The possible disposal marks the second time since 2019 that Pernod has reportedly sought to sell its wine business. The unit has previously been valued at about $1 billion, according to the Australian Financial Review, which first reported on the new sale plan.