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Pernod Ricard sells its wine brands to Vinarchy, focusing instead on spirits and Champagne.
Pernod Ricard has sold its international wine portfolio to Vinarchy, a new company led by Accolade Wines and Australian Wine Holdings Co.
This transfer includes brands like Jacob's Creek and Campo Viejo, aligning Pernod Ricard's strategy to focus on spirits and Champagne.
Vinarchy, backed by Bain Capital, will manage over 10 million cases annually, with a revenue of A$1.5 billion and 1,600 employees globally.
The company plans to streamline the portfolio by cutting about 70 brands and focus on innovation amidst declining global wine sales.
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Pernod Ricard vende sus marcas de vino a Vinarchy, centrándose en cambio en las bebidas espirituosas y el Champagne.