Pernod Ricard considers selling champagne brand G.H. Mumm - Reuters By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 07 2025
0mins
Source: Investing.com
Pernod Ricard's Potential Sale: The French spirits company Pernod Ricard is considering selling its champagne brand G.H. Mumm to focus on premium labels, with the assistance of investment bank Rothschild & Co.
Financial Expectations and Selectivity: G.H. Mumm has annual sales of approximately 200 million euros, and it is expected that any sale would not be below three times this amount, although Pernod Ricard is known for being selective in asset sales.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
