Pernod Ricard Announces Sale of International Wine Brands to Australian Wine Holdco
Wednesday, 17 July 2024, 07:23
Pernod Ricard's Strategic Move
Pernod Ricard (PRNDY) has secured a deal to sell its international strategic wine brands to Australian Wine Holdco, an entity backed by international institutional investors.
Key Transaction Details
- Strategic Decision: The divestment aligns with Pernod Ricard's focus on streamlining its business operations and optimizing its portfolio.
- Consortium Acquisition: Australian Wine Holdco, consisting of institutional investors, will now take ownership of the wine brands.
This initiative by Pernod Ricard underscores a strategic realignment that aims to drive future growth and profitability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.