Pernod Sends Message It’s not interested in Cuervo

Dear Client:It has been speculated that since Jose Cuervo and Diageo will be parting ways at the end of June that Pernod Ricard might be a candidate to pick up the brand for distribution. However, Pernod Ricard Americas downplayed those rumors yesterday during an analyst call when ceo and chairman Philippe Dreano said the company "has no plans concerning agency brands." Philippe said agency brands are less profitable and noted the only sizeable agency brand in the company's portfolio is