Contact Us Today









Pernod Ricard is said to seek acquisitions in spirits and wine brands in the US and emerging markets

The world’s second-largest alcoholic beverage group Pernod Ricard SA is looking for possible acquisition targets in the U.S. and in emerging markets, Les Echos newspaper reports Friday.

“The two areas we are looking at the most is the U.S. and the emerging markets,” said Alexandre Ricard, the company’s deputy chief executive, who will take the top job in early 2015, is quoted as saying. The U.S. is “by far” the most profitable market in the world, he adds.

Mr. Ricard, who belongs to the company’s founding family, which still controls 20% of the company, also sees wine sales, which represents only 5% of the company’s revenue, as an area for future growth.

Source: MarketWatch

http://www.marketwatch.com/story/pernod-ricard-is-said-to-seek-deals-in-us-em-2013-03-29?reflink=zacks