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FRANCE: Pernod Ricard comfortable with wine business

FRANCE: Pernod Ricard comfortable with wine business

FRANCE: Pernod Ricard comfortable with wine business

Mar 8, 2011 , by 6
Pernod Ricard has said that it is comfortable with the disparity in profits between its wine and spirits divisions, amid wine asset sales at some of the firm's major competitors. Pernod Ricard's CEO, Pierre Pringuet, told just-drinks that the group is "comfortable" with its premium wine business, despite conceding that the division's profits lag the likes of Martell, Absolut and The Glenlivet in Pernod's core spirits business.


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