HomePress|News & Press Releases|Press releases|Pernod Ricard sells Bisquit Cognac to the South-African group Distell

Press

Pernod Ricard provides journalists with all information needed to fully understand the Group and its strategy, along with resources and news about the Group and its brands.

Pernod Ricard sells Bisquit Cognac to the South-African group Distell

03/02/2009

Pernod Ricard announces that it has signed an agreement to sell its cognac brand Bisquit and associated inventories to Distell Group Limited for 31 million euros.

Pernod Ricard sells Bisquit Cognac to the South-African group Distell

Download the press release (pdf)

 

Pernod Ricard announces that it has signed an agreement to sell its cognac brand Bisquit and associated inventories to Distell Group Limited for 31 million euros. The transaction also includes a distribution agreement covering France, Belgium, Switzerland and Luxembourg. Current distribution arrangements in the other countries will remain in place for a transition period.
This disposal is part of the non strategic assets disposal plan communicated after the Vin & Sprit acquisition.
The transaction is subject to the approval of the South African regulatory authorities.

Distell Group Limited is South Africa’s leading producer of wines, spirits and ready-to-drinks (RTDs). The Group is listed on Johannesburg Stock Exchange (JSE). Distell employs over 4 200 people and have an annual turnover in excess of €700million.
 



Return to the news