Booze News

Pernod Ricard Has No Plans to Make Spirits Acquisitions

on 25/01/11 at 11:37 am

Industry

Pernod-Ricard SA, the maker of Chivas Regal and Absolut vodka, has no plans to make acquisitions as it focuses on innovating its own brands.

“Today, the strategy is extremely clear: no acquisitions,” Chief Executive Officer Pierre Pringuet said in an interview in Paris, when asked if he was interested in Fortune Brands Inc.’s drinks unit. He said that there is no “clear gap” in Pernod’s portfolio of products.

{Full story via Bloomberg}