Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Pernod Ricard streamlines its wine portfolio

» Published: 17 July 2024

Pernod Ricard streamlines its wine portfolio
Photo: Claudio Bresciani / TT

The French wine and spirits manufacturer Pernod Ricard – which, among other things, owns the vodka brand Absolut – has made a deal with the venture capital-owned wine manufacturer Accolade Wines to sell a range of well-known wine brands. The deal includes brands such as Jacob's Creek and Campo Viejo.

The affected facilities are located in Australia, New Zealand, and Spain.

Pernod Ricard is streamlining its portfolio to focus on spirits and champagne, the company writes in a statement.

The deal must be approved by Australian competition authorities to be completed, which Pernod Ricard expects to happen during the second half of 2025.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Still Happy Faces on Wall Street
1 MIN READ

Still Happy Faces on Wall Street

Trump in focus after expected Fed decision
2 MIN READ

Trump in focus after expected Fed decision

Divided on softer amortization requirements
2 MIN READ

Divided on softer amortization requirements

How much the banks lower the mortgage rate
1 MIN READ

How much the banks lower the mortgage rate

Higher costs hit SAS owner
1 MIN READ

Higher costs hit SAS owner

The Union Steps Up the Tesla Strike
1 MIN READ

The Union Steps Up the Tesla Strike

New French obstacles for Airbnb
1 MIN READ

New French obstacles for Airbnb

The Government Seeks Support for Those Affected by Northvolt
1 MIN READ

The Government Seeks Support for Those Affected by Northvolt

The regional tax will be raised next year
1 MIN READ

The regional tax will be raised next year

Astra Zeneca's China Chief Arrested by Police
1 MIN READ

Astra Zeneca's China Chief Arrested by Police

More rate cuts - but risk of turmoil with Trump
2 MIN READ

More rate cuts - but risk of turmoil with Trump

Svantesson: Trump's policy may increase inflation
2 MIN READ

Svantesson: Trump's policy may increase inflation

Major Banks Lower Mortgage Rates
1 MIN READ

Major Banks Lower Mortgage Rates

Central Bank Economist: Central Bank Cuts Interest Rate Too Late
2 MIN READ

Central Bank Economist: Central Bank Cuts Interest Rate Too Late

How You Are Affected by Lowered Interest Rates
2 MIN READ

How You Are Affected by Lowered Interest Rates

Thedéen expects turmoil after Trump's victory
2 MIN READ

Thedéen expects turmoil after Trump's victory

Inflation upswing does not threaten interest rate cuts
3 MIN READ

Inflation upswing does not threaten interest rate cuts

The Stockholm Stock Exchange Closed Up
1 MIN READ

The Stockholm Stock Exchange Closed Up

Most up on Asian stock exchanges
1 MIN READ

Most up on Asian stock exchanges

This is how your wallet can be affected by Trump's victory
2 MIN READ

This is how your wallet can be affected by Trump's victory