Finance
Exclusive-Pernod Ricard considers sale of Mumm champagne, sources say
Published by Global Banking & Finance Review®
Posted on February 7, 2025
2 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 7, 2025
2 min readLast updated: January 26, 2026
Pernod Ricard is exploring the sale of G.H. Mumm champagne, advised by Rothschild & Co, as it shifts focus to premium labels. The sale price could exceed three times annual sales.
By Abigail Summerville and Amy-Jo Crowley
NEW YORK (Reuters) - 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.
The French spirits company behind Absolut Vodka and Jameson Irish whiskey is working with investment bank Rothschild & Co on the possible divestiture, that could attract interest from other spirits and beverage companies, the sources said.
The brand is unlikely to be sold for less than three times its annual sales of 200 million euros ($207 million), one of the people said. The company has been selective in who it sells assets to and a sale may not happen, the person cautioned. The sources were speaking on condition of anonymity because the matter is not public.
“Pernod Ricard regularly assesses and evaluates its strategic opportunities and is continuously exploring options, including divestments or the streamlining" of businesses, the company said in a statement.
"This is a usual process in line with management’s mission of delivering value to shareholders, employees, clients and stakeholders." It added no decision about any particular action had been taken.
Rothschild declined to comment.
($1 = 0.9639 euros)
(Reporting by Abigail Summerville in New York and Amy-Jo Crowley in London. Additional reporting by Emma Rumney. Editing by Anousha Sakoui, Josephine Mason and Mark Potter)
The article discusses Pernod Ricard's consideration of selling its G.H. Mumm champagne brand as part of a strategic shift towards premium labels.
Rothschild & Co is advising Pernod Ricard on the potential sale of G.H. Mumm champagne.
The sale price for G.H. Mumm is expected to be more than three times its annual sales of 200 million euros.
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