Pernod Ricard has announced that its consolidated sales for the third quarter 2009/10 are up 14% go €1,538 million compared the same period in 2008/9.
This meant 16% organic growth, a 2% positive foreign exchange effect and a 3% negative group structure effect.
The company says the reulsts are due to:
- significant increase in consumption in new economies;
- improved situation in some key markets, US, Russia, duty free, for example;
- favourable "technical effects" such as destocking in 3rd quarter 2008/9, earlier easter and later Chinese new year celebrations.
The company goes on to state:
The 15 strategic brands grew at a faster rate of 21% over the quarter. [...more]
Responsible for delivering state level plan by hitting the profit target, reinforcing Pernod Ricard USA's needs and Ways of Working in line with distributor and managing area sales team to execute street level sales and marketing programs in conjunction with the distributor's selling efforts to achieve the predetermined volume, display, ads, distribution and other related brand selling activities in on and off-premise accounts.
The position requires the ability to evaluate and implement approved programming with key off and on-premise accounts, distributors and the area sales team.
Responsible for assisting division marketing managers in the identification of focus vicinity opportunities by brand and joint key account planning during the annual planning process, and managing reporting District Managers (Dam's) accordingly.
In coordination with reporting DM's, ensures that distributor efforts/visits/programs are aligned around target focus vicinities, key accounts and channels, and the overall market.
Pernod Ricard and Russian Standard Vodka have reached a settlement of claims brought by Russian Standard against Pernod Ricard. According to Pernod Ricard, the dispute revolved mainly around the allegations brought by Russian Standard Vodka and Roust Trading Limited pursuant to which promoting Stolichnaya as "Russian vodka" resulted in false advertising. [...more]
Pernod Ricard has opened a Martell experience boutique at Hong Kong International Airport.
The new boutique features the 'Martell Discovery Table', where consumers will have the opportunity to experience the brand's "sensory universe" through tasting notes for each Martell cognac, as well as the blends of eaux-de-vie called "montres" in French, displayed in the centre of the table.
Lionel Breton, chairman and CEO, Martell, said: "It is an incredibly exciting opportunity to be launching our first Martell Experience Boutique in Hong Kong International airport in partnership with Sky Connection. Through this Martell-dedicated space in duty free we want our consumers to enter a world of luxury and exclusiveness and we believe we have created the perfect arena for travellers to do this." [...more]
Pernod Ricard UK is launching the campaign this April with television adverts supported by the recent introduction of new packaging across Montana’s Classic and Reserve ranges.
“Montana is committed to continuing to leading development of the New Zealand wine category in 2010. We expect TV advertising to make a million new customers aware of it,” said marketing controller Mathew Bird.
“This marketing campaign will really cement our brand values in the mind of the consumers.” [...more]
Pernod Ricard is better placed than archrival Diageo heading into an economic recovery thanks to its exposure to emerging markets, though Diageo is making the right moves in China.
Diageo, the world's biggest spirits group, said on Monday it might spend at least 624 million pounds to take over China's fourth-largest spirits group Sichuan Shui Jing Fang to add Chinese white spirits to its portfolio of top brands.
The move was likely prompted by concern that just 5 percent of global sales come from fast-growing emerging markets in Asia, compared to about a fifth in the case of Pernod, the world No 2 spirits maker. [...more]
A US Federal Court has ordered a halt to the sale and production of a line of fruit-flavored rums whose bottles were alleged to be "confusingly similar" to the flavored rum - Malibu.
The order, issued by the US District Court for the Southern District of New York, upheld a lawsuit filed in March 2009 by Pernod Ricard USA. The suit successfully claimed that White Rock Distilleries had engaged in "trade dress infringement and...deceptive acts and practices" by marketing its line of Barbarossa, Baroca and Jack flavored rums in opaque white bottles that have become synonymous with Malibu rum.
As part of a settlement of the litigation, White Rock acknowledged "the validity and strength of the Malibu Trade Dress, including but not limited to the white color of the bottle." Accordingly, White Rock consented to entry by the Court of a permanent injunction banning White Rock from manufacturing, marketing or selling its flavored rums, or any other distilled spirit, in "a white bottle" or "in any bottle using a palm tree and sun design that is substantially similar to the Malibu palm tree and sun logo." The Court also ordered White Rock to pay legal fees incurred by Pernod Ricard USA in connection with the dispute. [...more]
Pernod Ricard has announced a fall in sales to €3.789 million for the last half of 2009.
Pernod Ricard, the second largest drinks company in the world, has announced a fall in sales to €3.789 million (-3%) for the half year from July to December 2009.
Its 15 "strategic brands" which include Absolut, Chivas, Ballantine's, Beefeater, Martell, Mumm and Jacob's Creek, declined 5% in volume and 3% in value.
Gilles Bogaert, Pernod's managing director finance, told a briefing in London on February 23 for financial analysts and journalists, that the fall was in line with expectations following the economic crisis last year.
The results were exacerbated by the devaluation of the Venezuelan Bolivar and the comparative weakness of the US dollar. When asked by a financial journalist as to why the devaluation of the Venezuelan currency had has such a dramatic effect on Pernod's results, Bogaerrt pointed out that the South American country was the seventh most important scotch whisky market. [...more]
Mosaiq has acquired the global rights to the Lemon Hart rum brand from Pernod Ricard.
Financial details of the transaction were not disclosed. The marketing and sales transition of the brand to Mosaiq have been completed while the production transition will be completed by the end of June 2010.
According to Mosaiq, the acquisition of Lemon Hart lifts the company to number one in the imported dark rum segment in Canada with a 41% share of market. [...more]
Pernod Ricard is to sell a number of Swedish and Danish assets to Altia for a cash consideration of SEK 835 million, or €82 million at current exchange rate.
The transaction includes a number of local wine and spirits brands, including Explorer vodka, Lord Calvert whisky, 1 Enkelt bitter, Blossa glögg and Chill Out wines. The deal also includes a bottling facility located in Svendborg, Denmark and two logistic centres located in Odense, Denmark and Årsta, Sweden. [...more]
Pernod Ricard's RI trading update supports our thesis that fiscal 2010 will be another challenging year, but that there are signs of recovery on the horizon. We're maintaining our fair value estimate. Sales in the first half of fiscal 2010 fell by 3%, with the rate of decline slowing throughout the period. Although sales remained sluggish in North America and Europe, Asia was a bright spot, with signs of recovery in China and India. The company said sales through the duty free channel had also begun to rebound, and that consumers switching into spirits from wine had provided a positive product mix effect. Although we expect the company's interim results to provide more color when they are released on Feb.18, 2010, sales during the first half of fiscal 2010 appear to be in line with our forecasts. [...more]
World's co-leader in wines and spirits selects ProProcure's procurement technology to manage promotional and Point of Sale (POS) purchasing across its portfolio of Global brands
ProProcure Ltd, a leading provider of marketing collateral procurement technology to global corporations, announced today that it has entered into a long term international agreement with Pernod Ricard Group, the world's co-leader in wines and spirits.
Pernod Ricard will use ProProcure's enterprise software to manage procurement and order aggregation across international markets for marketing collateral such as promotional items and point of sale materials.
John Corrigan, Global Supply Chain & Procurement Director for Pernod Ricard, said, "after an exhaustive review of the industry we chose ProProcure as our long term partner to provide the technology and business services that we need as a global enterprise to coordinate and manage the purchasing of marketing materials which deliver against our brand and CSR strategies. ProProcure allows us to work seamlessly across continents to achieve the best combination of price and quality while delivering total spend visibility by integrating with our financial systems" [...more]