PARIS, April 29, 2022--Regulatory News: Chivas Brothers, the Scotch Whisky business of Pernod Ricard (Paris:RI), today announced a £88 million investment into Aberlour and Miltonduff, two of its strategic single malt distilleries. The investment will go into upgrading sustainable distillation technologies at the Speyside distilleries along with significant production capacity expansions to meet the growing global demand for Scotch.
PARIS, April 28, 2022--Regulatory News: Press release – 28 April 2022
PARIS (Reuters) -French spirits group Pernod Ricard posted a forecast-beating 20% jump in third quarter sales on Thursday but said COVID-19 measures in China, war in Ukraine, and a normalisation of its U.S. business could mean a softer fourth quarter. Despite the challenges, the maker of Martell cognac and Absolut vodka, forecast organic growth of 17% in profit from recurring operations for its financial year ending June 30, in line with the market consensus for 16.9% growth. Resilient consumption by people staying at home, the reopening of bars and restaurants and a recovery in travel would fuel strong full-year sales growth across regions, with some operating margin expansion, it added.