Pernod Ricard sells winery - report

Pernod Ricard sells winery - report

Pernod Ricard has declined to comment on a report that it has agreed to sell Bodegas Marques de Arienzo in Spain.

Pernod has sold the wine cellar and real estate of Marques de Arienzo to Bodegas Muriel, while Marques de Riscal will buy the firm's 260 hectares of vines, according to Spanish daily newspaper Cinco Dias.

A spokesperson for Pernod Ricard declined to comment when contacted by just-drinks today (28 June).

Arienzo is one of three wineries operated by Pernod Ricard in Spain. The French drinks firm has spent the last couple of years seeking to offload a range of non-core brands and assets, following its acquisition of Sweden's Vin & Sprit.