Word: pernods
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...company public. A year from now, "we'll sit down and say, Is the company at this point geared for a reasonable IPO?," says Carlyle Group co-founder Dan D'Aniello. Carlyle, together with Bain Capital and Thomas H. Lee Partners, bought Dunkin' Brands from the French beverage giant Pernod Ricard for $2.4 billion in March 2006. To make that investment pay off, Dunkin' will have to fend off competitors trying to take a bite out of its core breakfast business while it hopes to eat some of their lunch. "The biggest challenge is to be able to achieve growth...
...with the year's biggest deals: the $28 billion acquisition last June by Telecom Italia of the 44% stake in mobile phone company Telecom Italia Mobile it didn't already own, and the $22 billion purchase by Italian bank UniCredito of Germany's Bayerische HypoVereinsbank. Other major deals included Pernod Ricard's acquisition of British drinks firm Allied Domecq, and a continuing three-way fight for control of that bastion of shareholder capitalism, the London Stock Exchange. According to Morgan Stanley, the number of deals last year with a volume of $1 billion or more doubled from 2004, while...
...Pernod plans to hold its No. 1 spot in Europe and Asia by "adapting to lifestyle and consumer behavior in every market"--getting customers to pay up for premium brands. In China, Pernod just repositioned Chivas Regal with an 18-year-old edition--at twice the price of the 12-year-old--boosting sales 17% over the past six months. In the U.S., where tequila is the fastest-growing premium category, the company will launch Tèzon (named for the stone that pounds the agave plant in production) at $60 a bottle in January. Its wine portfolio, including Jacob...
...everywhere Pernod will push newly acquired Mumm and Perrier-Jouët, as well as Stoli, at women. Particularly in the U.S., "the future is women, leading to further sophistication of the consumer," says Pierre Pringuet, director general of Pernod Ricard...
America's return to the cocktail--industry-wide sales of hard liquor are up about 8%--also bodes well for Pernod. Investors are certainly drinking it in; since the acquisition, the company's stock price has spiked 38%. But before the celebratory champagne is all gone, Pringuet is confident "something will happen soon" in the trend of consolidation. The industry is looking to a Bacardi and Brown-Forman merger as the probable next big deal, but one thing is clear: the Continental gorillas at Pernod Ricard are thirsty...