MGP Ingredients, the US distiller home to El Mayor Tequila and Penelope Bourbon, has cut its forecasts for sales and underlying earnings.
Deal focus: Pernod Ricard decides less is more with plan to offload Clan Campbell
The decision fits with Pernod Ricard's stated strategy to prioritise premium brands, but could it come back to bite the Martell brand owner?
James Beeson June 29 2023