Pernod Ricard sells Imperial Blue whisky to India's Tilaknagar Industries

United Spirits

23/07/2025 16:30

PARIS, July 23 (Reuters) - Pernod Ricard PERP.PA said on Wednesday it agreed to sell its Imperial Blue whisky business division to Indian liquor maker Tilaknagar Industries TILK.NS, as the French spirits maker boosts its focus on premium labels in its portfolio.

The world's No. 2 Western spirits maker said that upon closing, the transaction, the amount of which has not been disclosed, was expected to be "immediately and meaningfully accretive" to Pernod Ricard India's operating margin and net sales growth rate.

The transaction remains subject to approval from the competition commission of India, and closing is expected within the coming months, the statement said.

 (Reporting by Dominique Vidalon; Editing by Benoit Van Overstraeten)

 ((dominique.vidalon@thomsonreuters.com; +33149495432; Reuters Messaging: dominique.vidalon.reuters.com@reuters.net))