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The Pernod Ricard Group is launching an internal reorganization plan, seen as a necessary adaptation to the challenges of the spirits market.
The world's number two of spirits has unveiled internally a reorganization project designed to reduce its costs by €1 billion by 2029. The company states that this plan will be accompanied by employee departures but refuses to quantify, for the time being, the reduction in staff.
Pernod Embarks On Restructuring Effort - Shanken News Daily
Pernod Ricard has begun a restructuring effort aimed at simplifying its business, with the company planning to split its portfolio into two units, one including whiskies, Champagnes, and Cognac, and the other housing other spirits and aperitifs, the Financial Times … Continue reading → The post Pernod Embarks On Restructuring Effort appeared first on Shanken News Daily.
The French spirits sector is facing a structural crisis and a cyclical shock in a global environment marked by inflation, deconsumption, rising production costs, logistical tensions and geopolitical risks. However, nothing is lost. It is fighting to defend and value this rich economic and cultural heritage. While the country is claiming an art of living in France, the national spirits sector is entering an area of severe turbulence. Long regarde…
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