One of the World’s Biggest Booze Makers is Ditching Wine Brands as the World Drinks Less
Pernod Ricard, one of the world’s largest alcohol producers, is selling the majority of its wine brands as global wine consumption continues to decline. The French conglomerate, which owns renowned labels such as Absolut Vodka, Jameson Whiskey, and Beefeater Gin, announced on Wednesday that it will instead concentrate on expanding its champagne and premium spirits…