Brokerul Zilei Takeover of Garrone brand distribution to bring €5 mln to Pernod Ricard business this year

23 iunie 2009 de - 1119 vizualizari
As of 1 July, the local subsidiary of Pernod Ricard, a major spirits importer on the local market, will take over the distribution of Garrone, the number one vermouth on the Hungarian and Romanian markets which, according to estimates by company officials, is to bring in some €4-5 million to the company’s net sales, forecast for 2009 at about €40 mln.



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“We signed a contract for the national distribution of the Garrone vermouth. Garrone is a family business, which includes a factory. The family was also in charge of sales, and a decision was made recently to outsource this segment. They will keep managing the production. This is not an acquisition, just outsourcing. The contract was signed for Romania and Hungary,” Tudor Furir, General Manager of Pernod Ricard Romania, told Business Standard.

Pernod Ricard’s portfolio includes Ballantine’s, the company’s best sold brand, with a 20 percent share in 2008 of the total whiskey market, Chivas Regal (super premium), Jameson (premium), Queen Anne, Canadian Special Old, and MacNairs (mainstream).

“With Garrone in our portfolio we are consolidating our leading position in the import industry. For us, Garrone is a challenge, because we have not had vermouth in our portfolio before. Moreover, Garrone has a well-set distribution network, which I hope will help the other brands. A new and accessible brand in times of crisis can but bring benefits to the company,” Furir said.

Pernod Ricard Romania registered net sales worth €30 mln in 2008, on a market estimated at €80-100 mln. The company’s main competitors on the imported spirits market are BDG Import, Cristalex, and Sollers PPD.

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