Pernod Moves Forward with Absolut

Pernod has been given the okay to move forward with its $9 billion acquisition of Vin & Sprit by the European Union and Federal Trade Commission. But first, the FTC has required Pernod to end its distribution agreement with SPI (owners of Stoli) in the next six months before the V&S deal is completed. Pernod had already planned to end its agreement with SPI, so it’s really nothing new. The company also signed a consent order that imposes firewalls to