Pernod Ricard Takes Minority Stake in Sovereign Brands

Dear Client: Today Pernod Ricard announced a minority stake investment in fine wine and spirits company Sovereign Brands. No financial details were disclosed. Sovereign Brands was established in 2000 by brothers Brett and Brian Berish. Their wine and spirits portfolio includes Luc Belaire sparkling wine, Bumbu rum, McQueen and the Violet Fog gin, and French liqueur Villon, among others. The company made the list of the top wine suppliers in 2020, growing by 50,000-100,000 cases with reported volume and sales growth at least