Pernod Ricard

Revenue in India hit as Delhi delays licence, says Pernod Ricard

Pernod said it is "being severely impacted with loss of market share and revenues" and unable to conduct its business in the city, adding that as a consequence it was "suffering massive losses"

Enforcement Directorate accuses Pernod Ricard of more policy violations

In the Jan 6 filing documents the federal agency accused Pernod of a 'conspiracy to gain illegal benefit by submitting wrong affidavit' to Delhi authorities

Top headlines: Adani maps comeback strategy, Economic activity cools in Jan

Business Standard brings you the top headlines at this hour

ED alleges France's Pernod violated Delhi city rules to boost market share

Pernod Ricard violated the liquor policy of India's capital city by financially supporting retailers who in exchange stocked more of the French company's brands and boosted its market share, ED said

Delhi excise case: Court to hear Pernod Ricard exec's bail plea on Jan 19

A Delhi court will hear on January 19 the bail application of liquor giant Pernod Ricard's executive, Benoy Babu, arrested in a money laundering case related to the alleged Delhi excise policy scam also involving Deputy Chief Minister Manish Sisodia. Special Judge M K Nagpal, who was scheduled to hear the arguments on Babu's bail application on Monday, adjourned the matter on pleas made by the Enforcement Directorate (ED) as well as the advocate appearing for the accused. In its order, the judge also noted that the prosecution complaint (ED's equivalent to a charge sheet) against Babu, as well as against some other co-accused, had been filed before the court and the court was yet to take cognisance of the documents. ED is investigation the alleged irregularities in the now-scrapped liquor policy of the Delhi government. Bail application of the accused is fixed for arguments today. However, prosecution complaint qua him, as well as against some other co-accused, stands filed before

French spirits major Pernod Ricard appoints Paul-Robert Bouhier as India MD

French spirits major Pernod Ricard on Wednesday announced the appointment of Paul-Robert Bouhier as its new Managing Director for India. Robert takes the reins from Thibault Cuny, who stepped down in October 2022 due to health issues. His appointment as Pernod Ricard India Managing Director is with effect from January 1, 2023, a company statement said. In his new role, he will report to Philippe Guettat, Chairman and CEO of Pernod Ricard Asia, and will be a member of the Pernod Ricard Asia Executive Committee, it added. "Paul-Robert will be responsible for continuing to transform and accelerate Pernod Ricard India's business strategy, developing organization and people and finding new opportunities for sustainable and profitable business growth," it said. Most recently, Robert was serving as Managing Director, Pernod Ricard Southern Europe since 2020. Pernod Ricard owns brands, including Chivas, Beefeater, Havana Club, Royal Salute, The Glenlivet and Absolut. Besides, it owns to

Delhi excise policy case: Two top execs of private firms held by ED

The ED has arrested two company executives linked to liquor trade in the money laundering investigation being conducted by it into the now scrapped Delhi Excise policy case, official sources said Thursday. Benoy Babu of Pernod Ricard and Sharath Reddy of Aurobindo Pharma have been arrested under sections of the Prevention of Money Laundering Act (PMLA), they said. The Enforcement Directorate (ED) has conducted multiple raids in this case so far. In September, it arrested Sameer Mahandru, managing director of a liquor manufacturing company Indospirit. The agency early this month raided the premises of a PA of Delhi Deputy chief minister Manish Sisodia and later questioned him at its office in Delhi. The money laundering case stems from a CBI FIR that had named Sisodia as an accused among others. The CBI had raided the premises of the deputy chief minister and some Delhi government bureaucrats after filing the case. The excise scheme came under the scanner after the Delhi LG recomm

Quash Pernod bid to halt lawsuit against $244 mn tax demand: Govt to court

Oct 3 Mumbai court filing by India's customs authority underlines growing dispute between PM Modi's government and Pernod's local unit over how the company valued some of its imports for over a decade

Thibault Cuny, MD & CEO, Pernod Ricard South Asia quits over health issues

Philippe Guettat to take over for interim period

Pernod Ricard India CEO Thibault Cuny steps down due to health reasons

Pernod Ricard's India head, Thibault Cuny, has stepped down from his role due to health reasons, the French spirits giant said on Friday, marking a high-profile exit at a time the company is fighting

India demands nearly $250 million from Pernod for undervaluing imports

Pernod is the second-largest spirits company globally and in India. The notice from India's customs authority, dated June 27, relates to liquor concentrates imported from a Pernod subsidiary

France's Pernod puts India investments on hold, cites protracted tax fight

French spirits group Pernod Ricard has put new Indian investments on hold due to long-running tax disputes with authorities on valuing liquor imports

Unilever raises prices, warns of more hikes on cost pressures

Unilever, Carlsberg and Pernod Ricard are increasing the pressure on consumers worldwide with higher prices for Dove soap, beer and Havana Club rum

India should drop its high foreign liquor taxes, says France's Pernod

The 150% tax on imported liquor has long been a sore point for the industry, and poses a "large challenge" for Pernod Ricard, South Asia CEO Thibault Cuny said

Pernod Ricard plans to set up its own branded retail outlets in India

World's second largest wine and spirits firm banks on a direct-to-consumer strategy rather than intermediaries

Thibault Cuny on his India-strategy in an evolving alco-bev market

In a chat with Business Standard's Surajeet Das Gupta, French distiller Pernod Ricard's South Asia chief Thibault Cuny talks about his India-strategy and the customer experience he wants to drive in

Pernod Ricard eyes 10% full-year profit growth after sales beat forecasts

By 0704 GMT Pernod shares had gained 0.3% at 173.65 euros.

Pernod Ricard records 13% decline in India sales in July-Sept due to Covid

Though demand improved in the July-September quarter in the Indian market in comparison to the preceding April-June period, an overall decline in sales was reported

Note ban, liquor ban hit Pernod Ricard sales growth in India

Pernod Ricard, world's second-biggest spirits group posted sales of $2.13 bn in 3 months to March 31