Pernod Ricard SA (PDRDF)
- Reuters
Chinese tariffs could leave cognac makers with too much brandy
High Chinese tariffs on EU brandy would leave French companies with vast amounts of cognac that could be hard to sell elsewhere, according to Reuters' calculations, analysts, and investors who fear firms could be forced to discount. China opened an anti-dumping investigation into brandy imported from the European Union in January, sparking fears cognac could suffer a similar blow to that taken by Australian wine when China introduced tariffs of up to 218.4%. Australian wine exports to China, worth $1.1 billion in 2019, were almost completely wiped out by high tariffs.
- Reuters
Indian antitrust regulator checks if Pernod colluded with New Delhi retailers
India's competition watchdog is reviewing accusations that France's Pernod Ricard colluded with retailers in New Delhi to boost market share, the latest headache for the spirits giant in a key market, legal papers seen by Reuters show. With brands such as Chivas Regal, Glenlivet and Absolut vodka, Pernod has a share of 17% in a liquor market it says is its second biggest globally by net sales, but one where it is embroiled in licence, tax and antitrust difficulties. The latest accusations figure in a confidential filing in March on practices in the liquor industry made by an individual identified only by the first name Mohit, who has a record of taking up public interest litigations.
- Business Wire
Pernod Ricard Successfully Completes Bond Issuance: €1.5 Billion in 2 Tranches
PARIS, April 30, 2024--Regulatory News: Pernod Ricard (Paris:RI):
