HomePress|News & Press Releases|Press releases|Pernod Ricard España has announced that, subject to certain conditions, it has reached an agreement to sell a number of brandy and sherry brands to Osborne.

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Pernod Ricard España has announced that, subject to certain conditions, it has reached an agreement to sell a number of brandy and sherry brands to Osborne.

01/31/2008

The agreement covers 14 brands in all, including the Carlos I, Carlos III and Felipe II brandies and the La Ina Fino sherry and the Rio Viejo Oloroso sherry. Osborne will now be the new owner of these brands. The sale does not include the Domecq brand, which remains under the ownership of Pernod Ricard.

Pernod Ricard España has announced that, subject to certain conditions, it has reached an agreement to sell a number of brandy and sherry brands to Osborne.
All of these brands bought by Osborne, together with the brands owned by Pernod Ricard España, Domecq 1820 and Domecq sherries, will continue to be produced by Beam Global in Jerez.

This deal is in line with Pernod Ricard’s strategy of focusing on its main brands, while for Osborne this portfolio completes its present range and is a further step forward in its strategy of growth through acquisitions that provide synergies.
Completion of this agreement strengthens the good commercial relationship that there is between the two companies, which already includes a number of alliances, including Osborne’s distribution in Spain of the Seagram’s brand and Pernod Ricard distributing Osborne’s 103 brandy in a number of Latin American countries. As part of this arrangement, Pernod Ricard will continue to distribute the brands that now belong to Osborne in some markets, such as the Philippines.

 

About Pernod Ricard España

Pernod Ricard España is Pernod Ricard’s distribution subsidiary in Spain and owner of the group’s Jerez brandy and sherry brands since the Allied Domecq acquisition in 2005.

 

About Osborne

As well as the wines and spirits business lines, Osborne also has a stake in the water and juices sector with the Solan de Cabras brand and in the Iberian cured meat products sector with Sanchez Romero Carvajal 5J.

Pernod Ricard España Contact
Philippe Coutin / Managing Director Tel: +34 91 368 30 67

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