Pernod Ricard Completes Acquisition Of Malfy Gin
Pernod Ricard has announced that it has completed the acquisition of the Italian premium gin brand, Malfy.
The range includes four variants - Originale, Con Limone, Con Arancia and Gin Rosa.
The gin, distilled by the Vergnano family in the Italian region of Moncalieri, is sold in several international markets, including the United States, the United Kingdom, and Germany.
In April of this year, the French spirits giant announced plans to acquire the gin brand from Biggar & Leith.
The world's second-biggest spirits group after Diageo is under pressure from New York hedge fund Elliott Management to improve profit margins and corporate governance.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.