PERNOD RICARD SELLS THE TORMORE SCOTCH WHISKEY BRAND AND DISTILLERY TO ELIXIR DISTILLERS

PARIS–(BUSINESS WIRE)–Regulatory News:

Press release – Paris, June 20, 2022

Pernod Ricard (Paris:RI) today announces the signing of an agreement to sell the Scotch Whiskey Tormore brand and its distillery to Elixir Distillers, a company co-founded by brothers and entrepreneurs Sukhinder and Rajbir Singh.

Tormore is an iconic distillery in the Speyside region, the historic heart of the Scottish malt industry. This listed building, built in 1960 and with a capacity of almost 5 million liters of pure distilled alcohol per year, is as famous for the quality of its scotches as for its architectural design. Tormore is a well-known brand for its single malts, especially its 14 and 16 year old editions.

This agreement strengthens the already close relationship between Pernod Ricard and the Singh brothers, co-founders in 2017 of Elixir Distillers, a whiskey specialist, and creators of the largest online spirits sales site, The Whiskey Exchange, which Pernod Ricard has made acquisition last year.

Alexandre Ricard, Chairman and CEO of Pernod Ricard, says: “Active management of our portfolio is an integral part of our long-term strategy. The sale of the Tormore brand and distillery follows on from the recent announcement of investments in the Aberlour and Miltonduff sites, which will increase our Scotch production capacity to 14 million liters per year. . We are delighted to entrust Tormore to Sukhinder and Rajbir, two extremely creative friends and entrepreneurs, and look forward to collaborating with them again on other projects. »

Sukhinder Singh adds: “Tormore is one of Speyside’s finest distilleries. It produces excellent spirits and fits perfectly with the philosophy of Elixir Distillers, which consists in marketing only the best quality whiskies. We will build on the work already done by Pernod Ricard to rekindle all the magic of Tormore and introduce consumers around the world to this little-known gem. We are honored to be the new custodians of Tormore and could not dream of a better distillery to welcome into the Elixir family, alongside Portintruan, our future Islay production unit. »

About Pernod Ricard

Pernod Ricard is the world’s No. 2 in Wines and Spirits, with consolidated sales of €8,824 million in 2020/21. The Group, which owns 16 of the world’s top 100 spirits brands, has one of the most prestigious and diversified portfolios in the sector with more than 240 premium brands distributed in more than 160 markets. Pernod Ricard’s portfolio includes Absolut vodka, Ricard pastis, Scotch Whiskeys Ballantine’s, Chivas Regal, Royal Salute and The Glenlivet, Jameson Irish Whiskey, Martell cognac, Havana Club rum, Beefeater gin, Malibu, Mumm and Perrier-Jouët champagnes as well as Jacob’s Creek, Brancott Estate, Campo Viejo and Kenwood wines. Pernod Ricard’s long-term strategy focuses on investing in sustainable and profitable growth for all the Group’s stakeholders, while remaining faithful to its founding values: the entrepreneurial spirit, mutual trust and ethics. Pernod Ricard’s decentralized organization enables its 18,500 employees to act as ambassadors of their mission, that of being “Creators of Conviviality”. The Group’s 2030 CSR roadmap, “Preserving to share”, is integrated into all its activities, from local to counter, and Pernod Ricard is a member of the United Nations’ LEAD Global Compact. Pernod Ricard is listed on Euronext (Ticker: RI; ISIN code: FR0000120693) and is part of the CAC 40 and Eurostoxx 50 indices.

About Elixir Distillers

Founded by brothers Sukhinder and Rajbir Singh, Elixir Distillers imagines, blends and bottles premium spirits, which skilfully blend flavor, character and design. Mainly specializing in Scotch whiskey and rum, the company also works on Japanese whiskey, tequila and other spirits. Its main brands are Port Askaig, Elements of Islay, Single Malts of Scotland and Black Tot, exported to more than 30 international markets. A new distillery, Portintruan, is under construction on the Scottish island of Islay, with an opening scheduled for 2024.

contacts

Pernod Ricard
Florence Tresarrieu / Investor Relations and Treasury Director

+33 (0) 1 70 93 17 31

Charly Montet / Head of Investor Relations

+33 (0) 1 70 93 17 13

Emmanuel Vouin / External Engagement Manager

+33 (0) 1 70 93 16 34

Elixir Distillers
Chris Maybin

chris.maybin@elixirdistillers.com
+44 (0) 74 69 88 91 94

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