Pernod Ricard considers sale of Mumm champagne, sources say

Exclusive: Pernod Ricard considers sale of Mumm champagne, sources say
Pernod Ricard is exploring a sale of its champagne brand G.H. Mumm, according to five sources familiar with the matter, as it looks to focus on premium labels in its portfolio.
Pernod Ricard cuts sales forecast
Pernod Ricard is now expecting its annual net sales to fall on an organic basis. The Jameson and Martell owner, which had forecast its full-year organic net sales would return to growth, changed its outlook today (6 February) alongside the earlier-than-expected publication of its half-year results.
Pernod Ricard Considers Sale of G.H. Mumm Champagne Brand
Pernod Ricard is considering selling its G.H. Mumm champagne brand to focus on premium spirits. Working with Rothschild & Co, they target a sale price over three times the brand's annual sales. The decision aligns with their strategy to streamline and enhance value amidst challenging market conditions.
Pernod Ricard cuts sales outlook on tariff uncertainty
Pernod Ricard has cut its sales guidance because of uncertainty over tariffs and a slowdown in China, where government anti-dumping measures have hit demand for its cognac brand Martell.
Pernod Ricard mulls sale of Mumm champagne
Pernod Ricard was not in a financial position that meant it needed to sell GH Mumm, the source said. Therefore, any sale would be conditional on the arrival of an offer that met its valuation of the brand, they added.
Tariffs Threaten Pernod Ricard's Global Spirits Sales
Pernod Ricard faces an annual 200 million euros loss due to tariffs imposed by China and potential tariffs by the United States. The company has revised its future outlook and implemented mitigation measures,
Pernod Ricard Lowers Guidance on China Deterioration, Trade Uncertainty
The French liquor group lowered its expectations for its fiscal year, citing trade tensions and other uncertainties that ...
Pernod Ricard Cuts Sales Guidance Over China Cognac Slump
Pernod Ricard SA cut its sales outlook on a slump in Cognac demand in China, a move seen by investors as a “realistic” step ...
Big companies see no China recovery soon, adding to trade tensions gloom
Pernod Ricard and Carlsberg warned they see few signs of a pick-up in consumer demand in China, adding to a gloomy outlook ...
Pernod Ricard (0HAT) Receives a Buy from Bernstein
In a report released today, Trevor Stirling from Bernstein maintained a Buy rating on Pernod Ricard (0HAT – Research Report), with a price ...
Drinks Group Pernod Cuts 2025 Sales Outlook on Challenges in US, China
PARIS (Reuters) -French drinks company Pernod Ricard cut its 2025 and longer-term outlook on Thursday and brought forward ...
Pernod Ricard: Determined to Navigate Current Cyclical Headwinds With Resilience and Agility
Regulatory News: Pernod Ricard (Paris:RI): ...
Pernod Ricard (0HAT) Receives a Hold from Deutsche Bank
Deutsche Bank analyst Mitch Collett maintained a Hold rating on Pernod Ricard (0HAT – Research Report) today and set a price target of ...