FDBusiness.com

Pernod Ricard Completes Domecq Disposal

 Breaking News
  • New Cost-saving Programme to Transform Arla Foods European dairy co-operative Arla Foods has launched an internal transformation programme called ‘Calcium’, which is set to deliver more than €400 million of savings by the end of 2020 through improved efficiency in all areas of the company. The programme looks to boost Arla’s performance to the benefit of its farmer-owners and further strengthen the [...]...
  • Ornua Appoints Chief Executive Designate The Board of Ornua, Ireland’s largest exporter of Irish dairy products, has appointed John Jordan as Chief Executive Designate. John Jordan will assume the role of Chief Executive on 30 June 2018 when he will succeed Kevin Lane, who announced his resignation as CEO on 12 December 2017. John Jordan is currently CEO of Ornua Foods [...]...
  • Nichols Invests £4.5 Million in Vimto Ross Factory UK-based soft drink group Nichols has unveiled a £4.5 million investment at its site in Ross-on-Wye (Vimto Ross). The newly-designed factory forms a key part of Vimto Out Of Home, manufacturing frozen and post-mix solutions for their own customers as well as for their external partners. Having acquired the site from Dayla in 2011, Vimto Ross [...]...
  • Bord Bia Welcomes Irish Beef Access to China Bord Bia (Irish Food Board) has welcomed the granting of access for Irish beef to China. Ireland is the first European beef exporter to secure access to China, where consumers’ appetite for the meat is growing steadily. According to Bord Bia, China officially imported more than 700,000 tonnes of beef in 2017 – a figure [...]...
  • HKScan Launches Pork Exports to China Leading Nordic food group HKScan has newly launched pork exports to China from its Forssa production unit. Within the first year of the launch, HKScan aims to ship roughly three million kilograms of pork to China and to subsequently triple that volume by 2020. Relative to the volume of pork currently produced annually in Finland, this [...]...

Pernod Ricard Completes Domecq Disposal

Pernod Ricard Completes Domecq Disposal
April 04
12:00 2017

Pernod Ricard has completed the €81 million sale of its Domecq brandies and wines business to Bodega Las Copas (a Spanish joint venture between the Emperador Group and González Byass). The disposal includes the brand portfolio of Mexican brandies Don Pedro, Presidente and Azteca de Oro as well as the winery related to the production of Mexican wines in Ensenada, together with the relevant inventories related to the Domecq brands in several markets, including Spain, United States, Belgium and the Netherlands, among others.

The disposal is in line with the Pernod Ricard’s strategy to simplify its portfolio for growth and focus on its priority spirits and wines brands. It reinforces the presence of Bodega Las Copas in the global brandy category.

Grupo Emperador Spain is a wholly owned subsidiary of Emperador, the largest brandy company in the world based in Asia with a market leadership position in the Philippines and with presence in 100 countries and operations across South-East Asia and Europe.

González Byass is a family winery with well-known brands such as Tío Pepe Fino, Noé, Apóstoles and the Solera Gran Reserva Lepanto.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • April 24, 2018Scandinavian Wine Expo
  • April 24, 2018InterFood Krasnodar
  • April 24, 2018Seafood Processing Global
  • May 2, 2018The Food and Drink Trade Show
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements