Drinks group Pernod Ricard is having regular and 'courteous' talks wit...
FILE PHOTO: The logo of Ricard is seen on labels at the Ricard manufacturing unit in Lormont, near Bordeaux, France February 15, 2019. REUTERS/Regis Duvignau
“There is a regular dialogue between the teams, but we do not see them more than other shareholders. My ambition remains to deliver on our strategic plan, that’s my motto,” CEO Alexandre Ricard said in a telephone interview. In February, Pernod vowed to lift its margins and shareholder returns under a three-year plan that Elliott described as a first small step.
Last month Bloomberg reported Pernod was considering the sale of its wine division, which includes Australian brand Jacob’s Creek and Spain’s Campo Viejo and makes roughly 5 percent of group sales.
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