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April 9, 2025
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Food and beverage

Pernod Ricard’s Tareef Shawa shares liquor giant’s plans for prestige brands

February 28, 2018

Pernod Ricard's Midleton Very Rare Irish Whiskey Vintage 2017. Price can range from $75,000 to $300,000 per cask depending on the vintage. Image credit: Pernod Ricard Pernod Ricard's Midleton Very Rare Irish Whiskey Vintage 2017. Prices can range from $75,000 to $300,000 per cask, depending on the vintage. Image credit: Pernod Ricard

 

By Mickey Alam Khan

According to Bain & Company’s “Luxury Goods Worldwide Market Study” (C. d’Arpizio and F. Levato, October 2017), the global luxury market grew at an estimated 5 percent in 2017. Pernod Ricard’s Prestige portfolio outperformed that, with net sales growing more than 8 percent in financial year 2017 to reach the symbolic milestone of $1.2 billion.

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  1. Luxury Unfiltered: Trade wars, recession risks and uncertainties mean brands must conduct brutally honest audits now
  2. Dolce & Gabbana moves into Madison Avenue flagship
  3. Cadillac plugs all-electric Escalade in fine dining activation
  4. Tech scene, taxation fuel world’s fastest growing cities by wealth: Henley & Partners
  5. Orient Express Hotel debuts in Rome
  6. Prada, UNESCO open Sea Beyond Ocean Literacy Center in Venice
  7. One&Only Resorts rolls out private homes rental program
  8. Le Creuset teases centennial celebration
  9. French Open returning to Galeries Lafayette screens this spring
  10. Global luxury goods sales outlook slips amid US tariff frenzy
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