High cost on Pernod exit from Gisborne wine
French company, Pernod Ricard’s decision to exit the Gisborne wine growing region has cost the company almost NZ$100 million.
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Award-wining winery appoints new global sales manager
Award-winning New Zealand wine company the Mud House Wine Group has today announced the appointment of a new global sales manager to join their successful team.
Chivas Brothers wins prestigious award
Chivas Brothers, the Scotch whisky and premium gin business of Pernod Ricard, was awarded the much-coveted Distiller of the Year title at the International Spirits Challenge (ISC) official awards ceremony held in London last week.
Foreigners exporting Australia’s wine profits
Exports of bulk Australian wine have depressed export returns for the Australian wine industry, as the large overseas owners move to do their bottling and packaging offshore.
Can’t sell sauvignon blanc? Turn it into alcopop
Pernod Ricard’s struggle to sell its oversupply of Marlborough sauvignon blanc has taken a new twist with the release of a vodka-tweeked sauvignon blanc alcopop in Australia.
Alcohol abuse for work: Pernod Ricard loses case
The giant French-based drinks corporation, Pernod Ricard, has lost an appeal against French journalist Max Coder for slander.
Pernod Ricard goes rural for Cup
Pernod Ricard will open a new visitors centre at its Brancott Estate property in Marlborough in time for the Rugby World Cup later this year.
Group winemaker appointment at Lion Nathan NZ
Lion Nathan New Zealand has announced the appointment of Ben Glover, Chief Winemaker at Wither Hills as group winemaker, Lion Nathan NZ.
Australians believe Pernod Ricard price is too cheap
Australian media yesterday claimed that the price paid by Lion Nathan for Pernod Ricard’s vineyards and brands in the latest rationalisation of Pernod Ricard’s New Zealand investment was too cheap.
Pernod quits Gisborne, sells Corbans
Following its decision to move its wine head office to Sydney, New Zealand’s largest wine producer Pernod Ricard New Zealand has announced it will sell all of its Gisborne based brands and Gisborne winery to Lion Nathan. It has also sold the Corbans brand, one of the oldest and most respected wine names in the country, to Lion Nathan.
Pernod Ricard controversy
Last Friday’s editorial following Pernod Ricard’s press release announcing the moving of management and control of their New Zealand wine production and marketing to Sydney stirred up a degree of controversy. The original Australian Press Release, Keith Stewart’s updated editorial on the subject, and Pernod Ricard’s second release are on the foodnews website.
French arrogance or the reality of bad investment
The decision by Pernod Ricard to move the headquarters for the largest sector of New Zealand’s wine industry to Sydney is no more French arrogance than it was when earlier corporate owners of New Zealand wine companies abandoned the vineyard roots for other environments in which they felt more comfortable. Pernod Ricard’s shifting of control across the Tasman is what happens when you sell your assets to gain “investment”, and this example comes with perfect timing; just as New Zealand is considering how much of its strategic assets to flog in order to maintain a popular perception of prosperity. It is evidence we should take great care with our most valued possessions.
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