Pernod Ricard is weighing up the idea of offloading Champagne brand Mumm. The French group and its advisers are running the rule over a possible disposal, Just Drinks understands. A source familiar with the matter said the deliberations centre only on the Mumm brand and do not include Perrier-Jouët,

Pernod Ricard SA cut its sales outlook on a slump in Cognac demand in China, a move seen by investors as a “realistic” step for the French spirits maker. Shares inched higher.

PARIS (Reuters) -French drinks company Pernod Ricard cut its 2025 and longer-term outlook on Thursday and brought forward issuing of its first half results, citing challenging market conditions in the United States and China.