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 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.
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 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 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.
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 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.
Exclusive-Pernod Ricard considers sale of Mumm champagne, sources say
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