We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Pernod Ricard | EU:RI | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2.30 | 1.84% | 127.15 | 127.10 | 127.15 | 128.00 | 125.80 | 125.80 | 128,335 | 15:09:10 |
From Jul 2019 to Jul 2024
By Olivia Bugault
Pernod Ricard SA (RI.FR) said Tuesday that it will restructure its French activities in order to return to growth in its domestic market.
The French premium spirits company said that its French model based on two subsidiaries--Pernod and Ricard--is "overly complex and lacks agility," and the company therefore decided to change its structure.
The proposal includes the merger of the two subsidiaries into a single entity called Pernod Ricard France, with effect from July 1, 2020. The proposed merger would lead to about 280 potential redundancies, Pernod Ricard said. However, the revamping would also create around 90 new positions, it said.
The strategy also includes the proposed disposal of two of its French businesses--the Cafe de Paris brand and the Cubzac production site to InVivo Wine, the company said.
The reorganization follows a 60 million euros ($65.5 million) loss in French sales in two years, Pernod Ricard said.
Write to Olivia Bugault at olivia.bugault@dowjones.com
(END) Dow Jones Newswires
October 01, 2019 12:39 ET (16:39 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
1 Year Pernod Ricard Chart |
1 Month Pernod Ricard Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
