Pernod Ricard sells Lubuski Gin to Vinpol01/16/2009
Pernod Ricard announces today that it has signed an agreement to sell Lubuski Gin to Vinpol Sp. z o.o., a subsidiary from the German group Henkell & Co. Sektkellerei.
The transaction will be completed after securing the agreement of the relevant competition authorities, including approval by the European Commission.
As part of its acquisition of V&S Vin & Sprit AB, finalised on 23 July 2008, Pernod Ricard made a commitment to the European Commission to divest a number of brands including Lubuski Gin.
The German group Henkell & Co. Sektkellerei KG is an independent producer and distributor of sparkling wines, wines and spirits in Europe.
About Pernod Ricard
Pernod Ricard is the world’s n°2 in wines and spirits with consolidated Sales of € 8,558 million in 2014/15. Created in 1975 by the merger of Ricard and Pernod, the Group has undergone sustained development, based on both organic growth and acquisitions: Seagram (2001), Allied Domecq (2005) and Vin&Sprit (2008). Pernod Ricard holds one of the most prestigious brand portfolios in the sector: Absolut Vodka, Ricard pastis, Ballantine’s, Chivas Regal, Royal Salute and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Kahlúa and Malibu liqueurs, Mumm and Perrier- Jouët champagnes, as well Jacob’s Creek, Brancott Estate, Campo Viejo, Graffigna and Kenwood wines. Pernod Ricard employs a workforce of approximately 18,000 people and operates through a decentralised organisation, with 6 “Brand Companies” and 80 “Market Companies” established in each key market. Pernod Ricard is strongly committed to a sustainable development policy and encourages responsible consumption. Pernod Ricard’s strategy and ambition are based on 3 key values that guide its expansion: entrepreneurial spirit, mutual trust and a strong sense of ethics. Pernod Ricard is listed on Euronext (Ticker: RI; ISIN code: FR0000120693) and is part of the CAC 40 index.
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