Finance
Pernod Ricard launches restructuring plan as spirits sales slide
Published by Global Banking & Finance Review®
Posted on June 18, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 18, 2025
1 min readLast updated: January 23, 2026
Pernod Ricard is restructuring to address declining spirits sales, grouping brands into two divisions for agility. Employee consultations are planned.
By Tassilo Hummel and Emma Rumney
PARIS/LONDON (Reuters) -Pernod Ricard is streamlining its business by grouping brands into two main divisions, according to internal presentation slides seen by Reuters on Wednesday, as European spirits makers grapple with a downturn in sales.
The French spirits maker told Reuters it had announced an "internal project to create a more agile and simplified organisation".
"These changes imply the launch of local consultation processes with our social partners and employees where necessary," Pernod Ricard said.
It did not comment on the number of jobs affected or the plan to group brands into two units.
(Reporting by Tassilo Hummel in Paris and Emma Rumney in LondonEditing by David Goodman)
Pernod Ricard is restructuring its business due to a slide in spirits sales, aiming to create a more agile and simplified organization.
The restructuring plan implies the launch of local consultation processes with social partners and employees where necessary, although the company did not specify the number of jobs affected.
Pernod Ricard is grouping its brands into two main divisions as part of its internal project to streamline operations.
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