FDBusiness.com

Death of Patrick Ricard

 Breaking News
  • Heineken Delivers Strong Top-line Growth in 2019 Global brewer Heineken achieved 5.6% organic growth in net revenue (beia) to €23.894 billion for 2019 and operating profit grew 3.9% organically to €4.020 billion. However, the operating profit margin...
  • Molson Coors Partners With e.fundamentals to Help Drive UK Online Sales Molson Coors, one of the world’s largest brewers, has partnered with ecommerce analytics provider e.fundamentals to help drive sales of its beers through retailers’ websites in the UK. E.fundamentals’ service...
  • Manor Farm Wins IFSA Best Sustainable Food Product Award 2020 Irish chicken producer Manor Farm has won the IFSA (Irish Foodservice Suppliers Alliance) Best Sustainable Food Product Award 2020. Manor Farm, received the award for the company’s ‘Farmers to Market’...
  • Heineken Announces CEO Succession Jean-François van Boxmeer (pictured left), Chairman and CEO of Heineken, is to step down following his successful 15 year leadership of the company. He will be succeeded by Dolf van...
  • DMK Group Aims to Optimise Ice Cream Production DMK Group, Germany’s largest dairy co-operative, intends to streamline the production network in its ice cream business unit. This involves selling its Waldfeucht-Haaren production site in North Rhine-Westphalia. Schwarz Produktion,...

Death of Patrick Ricard

Death of Patrick Ricard
August 22
08:54 2012

Patrick Ricard, chairman of Pernod Ricard, has died suddenly. He was part of the French and international drinks group since 1967, when he joined the Ricard Company, which was founded by his father Paul in 1932.

Patrick Ricard held successive positions in the company’s main departments, becoming managing director in 1972. With the creation of Pernod Ricard in 1975 he was appointed group managing director and then, in 1978, chairman and chief executive.

Patrick Ricard was the architect of the group’s ambitious strategy of growth through acquisition, aimed at broadening the product range and accelerating the development of the international business. The strategy proved a resounding success, sales outside France now accounting for 90% of turnover as against 17% when the group was formed.

Patrick Ricard’s acquisitions included Campbell Distillers inScotland, Austin Nichols in the US, Ramazzotti in Italy, Irish Distillers (bringing together all the producers of Irish whiskey) and Orlando Wyndham in Australia. It was also his decision to create Havana Club International in Cuba.

The pace picked up in 2000 with the acquisition of part of Seagram’s wine and spirit business, and again in 2005 with the buy-out of competitor Allied Domecq. In 2008, the group continued his external growth strategy with the acquisition of the Swedish Group Vin & Sprit. Despite such exceptional growth, the group’s guiding operational principle – decentralisation – has remained unchanged.

This exemplary record led American magazine Fortune to name Patrick Ricard ‘European Businessman of the Year’ in 2006.

On 5 November 2008, Patrick Ricard resigned his executive duties at the head of Pernod Ricard but remained as chairman. Born in 1945, Patrick Ricard was married with three children.


Warning: count(): Parameter must be an array or an object that implements Countable in /home/fdbusiness/public_html/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5
Share

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

[eventlist]

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements