Saturday 18 November 2017

Sales of Jameson Irish whiskey soar by 13pc

Ireland is one of the most expensive places to buy Irish whiskey
Ireland is one of the most expensive places to buy Irish whiskey
Sarah Stack

Sarah Stack

SALES of Jameson Irish Whiskey soared by 13pc over the last nine months, figures show.

Drinks giant Pernod Ricard reported overall sales of €6,186m for the first three quarters of the financial year, down 7pc due to a highly unfavourable foreign exchange.

The wine and spirits maker said sales of its top 14 brands were virtually stable (-1%), with the return to growth of Scotch whiskies in the third quarter.

However figures for Jameson saw a rise of 13pc in net sales and 10pc in volume.

Internationally, Pernod Ricard saw sales jump in the Americas and Europe, but fall in Asia/Rest of the World.

Elsewhere it announced that its USA subsidiary has entered into an agreement to purchase assets related to Kenwood Vineyards in Sonoma Valley, California.

“In an environment that remains challenging, our performance over the nine months was in line with the half-year and with our annual guidance,” said Pierre Pringuet, chief executive of Pernod Ricard.

“I am pleased with the acquisition of Kenwood and with the strengthening of our partnerships with our two largest US distributors, which reinforce the Group’s portfolio and execution capability in the US.”

Kenwood produces a distinguished portfolio of premium Sonoma wines, primarily distributed in the United States and Canada.

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