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JUL 24

Pernod Puts Its Buying Spree on Ice†

Wall Street Journal, July 24, 2008 — Ahead of the release of its fiscal-year sales Thursday, drinks maker Pernod Ricard SA signaled a change in its growth strategy.

The French company, which has been on an acquisition binge, said it plans to sit tight for the next few years and nurture the labels it already owns.

"Organic growth is a must," Pernod Managing Director Pierre Pringuet said in an interview.

Category: Marketing Strategy
Tags: Pernod, Growth, M&A, Portfolio Strategy
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