Pernod Ricard Launches Restructuring Plan as Sales Drop, Reuters Says

-- French distiller Pernod Ricard is streamlining its business by grouping brands into two main divisions, at a time when spirits makers face a downturn in sales, Reuters says, citing internal presentation slides from the company.

-- The maker of Absolut vodka has announced an internal project to create a more agile and simplified organization, Reuters reports adding that the company plans to implement the changes, including voluntary departures, in the last three months of 2025.

--"These changes imply the launch of local consultation processes with our social partners and employees where necessary," Pernod Ricard told Reuters.

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(END) Dow Jones Newswires

06-19-25 0249ET