FRANCE: Pernod Ricard to keep Absolut Swedish
Pringuet told local media this week that there was no question of moving Absolut production out of the country. A Pernod spokesperson confirmed his statement to just-drinks today (28 August).
Pringuet made his comments during a trip to Sweden.
Pernod's victory in the auction of Absolut owner Vin & Sprit (V&S), at a cost of EUR5.6bn (US$8.9bn), has fuelled new speculation about the French firm's plans.
Pringuet said at Pernod's Q3 results conference in April that there was plenty of spare capacity for Absolut production in Sweden. He added that volumes would be increased "gradually", as the firm looks to make Absolut the biggest premium vodka brand on the global market.
Pringuet later told journalists at Pernod's full-year conference that the wine and spirits giant was looking to offload a number of "peripheral brands", believed to include some Scotch whiskies, following the V&S deal. It is thought the sales could fetch a combined EUR1bn.
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