Pernod Ricard

(Newser) - It could be another not-so-great sign for the global wine business: Pernod Ricard, a giant in the industry of alcoholic beverages, is selling most of its wine portfolio, reports the Financial Times . The move by the French company comes as the world is drinking less wine—global consumption sank to...

(Newser) - Champagne companies are anything but bubbly this year as they head into what’s predicted to be a “horrible” holiday season, hurt by a sagging US economy and weak dollar, reports Advertising Age. November and December are crucial for the industry, with as much as 25% of sales during...

(Newser) - French liquor giant Pernod Ricard's spirits were soaring after its $8.34 billion bid won it ownership of Sweden's state-owned Vin & Spirit, the parent company of Absolut vodka. Pernod topped US-based Fortune Brands in an auction for the purchase, the Wall Street Journal reports, and is now the wine...