Following satisfaction of closing conditions precedent and in line with the previous press release of December 1, 2016, Pernod Ricard and Bodega Las Copas (a joint venture between the Emperador Group and González Byass) announce today the completion of the sale, by Pernod Ricard Mexican and Spanish subsidiaries, of the Domecq brandies and wines for a total value of 81 million Euros.
About Grupo Emperador Spain
Grupo Emperador Spain is a wholly owned subsidiary of Emperador, the largest brandy company in the world based in Asia with a market leadership position in the Philippines and with presence in 100 countries around the world and operations across South-East Asia and Europe. In February 2016, Emperador purchased the brandy and sherry business from Beam Spain, S.L. which include iconic brands: 'Terry Centenario', 'Tres Cepas' and 'Harveys'. Some of the prestigious whisky brands of Emperador are The Dalmore Single Highland Malt Whisky, Jura Single Malt Whisky, Mackinley's.
About González Byass
González Byass is a family winery dedicated to the making of quality wines and spirits, founded in Jerez in 1835. Well-known brands such as Tío Pepe Fino, wine treasures such as Noé, Apóstoles and the Brandy Solera Gran Reserva Lepanto, have led to the company becoming one of the world's top winemakers and distillers.
Tags
On the same topic
-
Pernod Ricard and Trinchero in definitive agreement for the sale of Mumm Napa sparkling wines
Read morePernod Ricard and Trinchero Family Wine and Spirits are pleased to announce the signing of a definitive agreement to transfer sparkling wines activities in the United States, covering Mumm Sparkling California, Mumm Napa and DVX.
-
Pernod Ricard India to sell its Imperial Blue business division to Tilaknagar Industries
Read moreA strategic move to accelerate focus on Premiumization and Innovation
-
Successful completion of the sale of Pernod Ricard’s portfolio of strategic international wines to Australian Wine Holdco Limited
Read more