{"id":15253,"date":"2024-07-18T19:41:43","date_gmt":"2024-07-18T14:11:43","guid":{"rendered":"https:\/\/www.indianwineacademy.com\/articles\/?p=15253"},"modified":"2024-07-18T20:04:39","modified_gmt":"2024-07-18T14:34:39","slug":"item_5_952","status":"publish","type":"post","link":"https:\/\/www.indianwineacademy.com\/articles\/item_5_952\/","title":{"rendered":"Pernod Ricard sells its Wine Portfolio"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"15253\" class=\"elementor elementor-15253\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4720b6a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4720b6a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-53f09f7\" data-id=\"53f09f7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-70aab53 elementor-widget elementor-widget-text-editor\" data-id=\"70aab53\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 20-08-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Posted: Thursday, 18 July 2024 19:50<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-ad9e937\" data-id=\"ad9e937\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-cccb2a7\" data-id=\"cccb2a7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9669605 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9669605\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b62f3ec\" data-id=\"b62f3ec\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c0e78f1 elementor-widget elementor-widget-text-editor\" data-id=\"c0e78f1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"row\">\n<div class=\"col-sm-12\">\n<h1 class=\"articlepagetitle_heading\">Pernod Ricard sells its Wine Portfolio<\/h1>\n<div class=\"articlepageintroline\">July 18: Pernod Ricard is very pleased to announce the signing of an agreement to sell its international strategic wine brands like Jacob\u2019s Creek, Camp Viejo from Rioja Spain and Brancott Estate from New Zealand to Australian Wine Holdco Limited (AWL), a consortium of international institutional investors and owner of Accolade Wines. Subhash Arora reports<\/div>\n<div class=\"articledata\">\n<p>This digressing will allow the French giant Pernod Ricard to further strengthen its premiumisation strategy and to direct its resources to its portfolio of premium international spirits and champagne brands that drive the growth of its business, claims the company.<\/p>\n<p>The transaction is the result of Pernod Ricard\u2019s continuous assessment of its strategic opportunities, in line with its longstanding policy to deliver sustainable value for its shareholders, employees, customers and partners, according to the Press Announcement of yesterday.<\/p>\n<p>The transaction includes the sale of a wide portfolio of strongly established international wine brands owned and produced by Pernod Ricard Winemakers, with over 10 million 9 Liter cases annually from three origins including Jacob\u2019s Creek, Orlando and St Hugo from Australia, Stoneleigh, Brancott Estate and Church Road from New Zealand and Campo Viejo, Ysios, Tarsus and Azpilicueta from Spain. The business is an integrated platform from vineyard to bottle and includes seven wineries.<\/p>\n<p>Jacob\u2019s Creek has been the biggest <u>single<\/u> foreign wine label that has been ruling the Indian imported wine industry for years in volume, crossing the sale of 100,000 cases annually. The company had been accused by competitors of using its own source of origin in Australia to export at throw away prices, resulting in lower import duties and consequently selling at the most affordable prices in the market and leading as the Top Importer.<\/p>\n<p>It had also started importing the NZ Brancott Estate wines (earlier Montana Estate) and also the affordable Campo Viejo reds from Rioja. The competitors have often complained about the company bundling the wine with their ever-popular Chivas Regal Scotch whisky and even sponsoring the wine at multiple events, free of cost.<\/p>\n<p>With this transaction, Pernod Ricard will sell its wine division to a player of global scale, with a route to market solely dedicated to the wine industry. Its wine brands will benefit from the focus required to achieve their potential, reinforce their position, and seize new opportunities around the world.<\/p>\n<p>Closing of the transaction is subject to fulfilment of customary conditions, including regulatory clearances, and is expected to occur in early 2025.<\/p>\n<p>The business move does not mean India will stop importing the ubiquitous label but the new company AWL will surely cash in on the popularity of the label at the low end of imported wines. Australian Wine Holdco Limited (\u201cAWL\u201d) is a consortium of international institutional investors which comprises funds backed by Bain Capital, Intermediate Capital Group, Capital Four, Sona Asset Management, and Samuel Terry Asset Management.<\/p>\n<p><em><strong>Subhash Arora <\/strong><\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Posted: Thursday, 18 July 2024 19:50 Pernod Ricard sells its Wine Portfolio July 18: Pernod Ricard is very<\/p>\n","protected":false},"author":1,"featured_media":15207,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80],"tags":[636,639,638,178,637],"class_list":["post-15253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-headline","tag-australian-wine-holdco-limited","tag-awl","tag-new-zealand","tag-pernod-ricard","tag-wine-portfolio"],"featured_image_urls":{"full":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2024\/07\/Figure-4.png",1477,1028,false],"thumbnail":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2024\/07\/Figure-4-150x150.png",150,150,true],"medium":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2024\/07\/Figure-4-300x209.png",300,209,true],"medium_large":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2024\/07\/Figure-4-768x535.png",640,446,true],"large":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2024\/07\/Figure-4-1024x713.png",640,446,true],"1536x1536":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2024\/07\/Figure-4.png",1477,1028,false],"2048x2048":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2024\/07\/Figure-4.png",1477,1028,false],"slider-bg":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2024\/07\/Figure-4-1477x600.png",1477,600,true],"card-grid":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2024\/07\/Figure-4-600x900.png",600,900,true],"card-list":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2024\/07\/Figure-4-600x700.png",600,700,true],"morenews-featured":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2024\/07\/Figure-4-1024x713.png",1024,713,true],"morenews-large":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2024\/07\/Figure-4-825x575.png",825,575,true],"morenews-medium":["https:\/\/www.indianwineacademy.com\/articles\/wp-content\/uploads\/2024\/07\/Figure-4-590x410.png",590,410,true]},"author_info":{"display_name":"admin","author_link":"https:\/\/www.indianwineacademy.com\/articles\/author\/admin\/"},"category_info":"<a href=\"https:\/\/www.indianwineacademy.com\/articles\/category\/top-headline\/\" rel=\"category tag\">Top Headline<\/a>","tag_info":"Top Headline","comment_count":"0","_links":{"self":[{"href":"https:\/\/www.indianwineacademy.com\/articles\/wp-json\/wp\/v2\/posts\/15253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.indianwineacademy.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.indianwineacademy.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.indianwineacademy.com\/articles\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.indianwineacademy.com\/articles\/wp-json\/wp\/v2\/comments?post=15253"}],"version-history":[{"count":10,"href":"https:\/\/www.indianwineacademy.com\/articles\/wp-json\/wp\/v2\/posts\/15253\/revisions"}],"predecessor-version":[{"id":15279,"href":"https:\/\/www.indianwineacademy.com\/articles\/wp-json\/wp\/v2\/posts\/15253\/revisions\/15279"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.indianwineacademy.com\/articles\/wp-json\/wp\/v2\/media\/15207"}],"wp:attachment":[{"href":"https:\/\/www.indianwineacademy.com\/articles\/wp-json\/wp\/v2\/media?parent=15253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.indianwineacademy.com\/articles\/wp-json\/wp\/v2\/categories?post=15253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.indianwineacademy.com\/articles\/wp-json\/wp\/v2\/tags?post=15253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}