Page 2 - Pernod Ricard

Pernod Ricard faces India antitrust probe for boosting market share

The Competition Commission of India (CCI) has been pursuing the matter actively since early this year after senior members reviewed the case filed by Pernod's Indian rival, Radico Khaitan

Pernod Ricard eyes premium spirit market in India with local brands

The second-largest distiller in the world has already produced an Indian single malt and may be expanding its portfolio in light of growing demand

Court declines to entertain Pernod appeal to renew liquor sale licence

India's federal financial crime agency has accused the company of illegally making profits by giving false information to Delhi

Pernod Ricard's India head of corporate affairs Yashika Singh quits

Singh, who headed corporate affairs for the Indian market, with focus on regulatory matters, including related to manufacturing and government policy, resigned last week

Pernod Ricard India and NSDC to provide skill training to 240 transpersons

It will be a placement-linked skill training programme where candidates will get skill training across job roles

Pernod Ricard India appoints Jean Touboul as MD with effect from May 1

Touboul leads the India operations of Pernod Ricard after serving as the managing director of Pernod Ricard South-East Asia entity, based in Singapore

Amid regulatory challenges, Pernod Ricard's Bouhier resigns as India head

It is also fighting a near $250 mn tax demand for allegedly undervaluing imports, and the Delhi city authorities have declined its request for a liquor sale licence

Tipplers beware! These liquor brands may soon go off the shelves in Delhi

Delhi Excise Department has not renewed the liquor sale licence of three big firms and distributors

Pernod Ricard's Delhi liquor licence not renewed, firm to dispute move

In a setback to the French spirits major Pernod Ricard, the Delhi government has rejected its application for renewal of its sales licence on the ground of the ongoing investigations against the company. However, Pernod Ricard India, which owns brands such as Royal Stag and Blenders Pride, in a statement said it will "challenge through due process the recent decision" by the excise authorities to deny this operating licence. The excise department of the government of the national capital territory of Delhi had last week decided not to renew the sales licence of Pernod Ricard, said official sources. An application from Pernod Ricard was received in September 2022 and it was not accepted then. Following this, the liquor major went to the court which directed the excise department to formally take a decision. That application has been now rejected, they said. The decision was taken on the ground of ongoing investigations against the company in matters related to violation of the exci

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

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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