Pernod Ricard, which is being targeted by activist investor Elliott, plans to bu...
PARIS - Pernod Ricard, which is being targeted by activist investor Elliott, plans to buy super premium Italian gin brand Malfy from Biggar & Leith, as it further strengthens its fast-growing portfolio of so-called ‘craft’ spirits.
Pernod’s latest takeover comes as the company, which is the world’s second-largest spirits group behind Diageo, faces pressure from U.S. hedge fund Elliott Management to improve profit margins and corporate governance. Malfy is a range of super-premium flavored gin distilled by the Vergnano family in the Italian region of Moncalieri in Piedmont, and sold in the United States, Britain and Germany.
“In line with the launch of our “transform and Accelerate” strategic plan, we will continue actively managing our fantastic portfolio of brands,” added Porta.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
18 'Italian' Foods That Actual Italians Never Eat18 American 'Italian' Foods They Definitely Don't Eat In Italy
Weiterlesen »
18 'Italian' Foods Served In America That Send Chills Throughout Italy18 “Italian” Foods Served In America That Send Chills Throughout Italy
Weiterlesen »
Turkey slams Italian parliament’s move on 1915 eventsItalian parliament approves a motion to declare 1915 events as ‘genocide’, but Turkey posits the deaths of Armenians in eastern Anatolia as a tragedy for both sides but not genocide.
Weiterlesen »
Italian bank tie-ups offer exit from profit torporMerging bailed-out Monte dei Paschi with local peers UBI or BPM could boost combined net profit by up to 50 pct. Suitors fear state meddling, a multibillion-euro cash call and legal risks. But scaling up is the only way to address chronic underperformance in a stagnant economy.
Weiterlesen »
Franco-Italian nexus gets its own bankersMediobanca is buying Paris M&A boutique Messier Maris in another high-profile cross-Alps deal. Despite close cultural ties, board rows at EssilorLuxottica and Telecom Italia show getting along is hard. Therapists may be as useful as bankers in bringing Italy and France together.
Weiterlesen »
Italian economy minister expects growth to pick up in H2: TV interviewEconomy Minister Giovanni Tria expects Italy's growth to pick up in the sec...
Weiterlesen »
Republican or Democrat—we can all agree on axing the Tampon Tax | OpinionIn most states menstrual products are not sales tax-exempt, a category primarily reserved for food, prescription medications, and other “necessities of life.”
Weiterlesen »