FDBusiness.com

Death of Patrick Ricard

 Breaking News
  • Coca-Cola to Acquire Minority Stake in Sports Performance Brand Coca-Cola is taking a minority ownership stake in BODYARMOR, a fast-growing line of premium sports performance and hydration beverages. Through this strategic relationship, BODYARMOR will remain an independent company and gain access to the expansive Coca-Cola bottling and distribution system. The initial investment, which will be part of the Coca-Cola North America Venturing & Emerging Brands [...]...
  • UK Restaurants Toil in Summer Heat, While Pubs Make Hay July’s heatwave was good news for Britain’s pubs but heaped more pressure on the country’s restaurant chains, latest figures from the Coffer Peach Business Tracker show. Managed pub and bar groups saw collective like-for-like sales rise 2.7% against last July, while sales across restaurant groups plummeted, down a substantial 4.8% in like-for-like trading. Overall, the differing [...]...
  • Protein Solution Cuts Cream Cheese-making Process From 20 Hours to Just 30 Minutes Arla Foods Ingredients is launching one of the world’s fastest cream cheese manufacturing processes. Traditionally, cream cheese-making is a complex procedure that can take up to 20 hours and generates significant amounts of acid whey meaning it is inefficient, expensive and occupies valuable space on the production line. But thanks to a new whey protein ingredient [...]...
  • Qualvis Creates Distinctive Packaging For Thomas Fudge’s Rebrand Leading carton manufacturer, Qualvis, has recently produced a full packaging rebrand for artisan baker, Thomas Fudge’s. Covering their full sweet and savoury biscuit line-up of 7 packs, together with a new range of flatbreads, the packaging includes a fresh logo design and updated illustrations featuring beautiful, bold and colourful graphics by design agency, Big Fish. With [...]...
  • Valeo Foods Acquires Tangerine Confectionery For £100 Million Valeo Foods Group, the acquisitive Irish and international food business, is reported to have purchased Tangerine Confectionery of the UK for £100 million (€112 million) from Blackstone Group. The deal adds popular UK confectionery brands such as Dip Dab, Fruit Salad and Blackjack to Valeo Foods Group’s growing portfolio, and will increase annual turnover to [...]...

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.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 12, 2018Packaging Innovations & Luxury Packaging London 2018
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements