Pernod Ricard to push authenticity and pull Absolut flavours

07 September, 2016

Pernod Ricard’s Gilles Bogaert has said the company will push the authenticity of its Absolut brand and reduce the number of flavour variants in a bid to stem the decline and improve sales in the US. 

Speaking at the Pernod Ricard F16 briefing yesterday, the chief financial officer said the company’s mid-term objective is to stablise the brand and increase media investment.

“It is not easy to change,” Bogaert said. “Vodka is a very competitive category and there are price pressures at play. Absolut is one of the largest vodkas in the US and in the world but we have not done enough to push the authenticity of the brand.

“We have reduced the number of flavours because there were too many and our objective, going forwards, is to have fewer flavours.”

Bogaert said Pernod’s luxury vodka Elyx was growing "in line" with plans and the company is “on track”. He insisted Pernod have a “comprehensive” plan in place to combat Absolut sales decline and was encouraged that volume loses had slowed. “Absolut volumes were down -4% the year before but it is only -2% now”, the CFO said.





Comment

Dominic Roskrow

The serious business of bourbon

This is most odd. I’m standing with two American gentlemen in the corner of a very swish steak bar staring at a surreal painting of what we’re being told is a ship exploding as it sails towards a lighthouse. I think.

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