The owner of Jameson Irish whiskey, Pernod Ricard, has announced plans to restructure its business.
In April, the company reported a 3% decline in sales for the third quarter and confirmed its outlook of low single digit decline in organic net sales for the year.
The company said the outlook incorporates the impact of “expected tariffs in China and in the US”.
Reuters reports that it will streamline its business into two divisions; gold and crystal, with Jameson included in the gold division.
Adaptation
In a statement to the Irish Farmers Journal, a spokesperson for Pernod Ricard said: “At Pernod Ricard, we work on an ongoing basis to adapt our organisation and ways of working to the fast-evolving business environment.
“That is why we have announced to all our employees an internal project aimed to create a more agile and simplified organisation aligned with our strategic objectives and the current evolution of our business.
"These changes imply the launch of local consultation processes with our social partners and employees where necessary, therefore we cannot comment any further at this stage.”
Jameson is distilled in Midleton, Co Cork. Pernod Ricard has owned the brand since 1988.
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The owner of Jameson Irish whiskey, Pernod Ricard, has announced plans to restructure its business.
In April, the company reported a 3% decline in sales for the third quarter and confirmed its outlook of low single digit decline in organic net sales for the year.
The company said the outlook incorporates the impact of “expected tariffs in China and in the US”.
Reuters reports that it will streamline its business into two divisions; gold and crystal, with Jameson included in the gold division.
Adaptation
In a statement to the Irish Farmers Journal, a spokesperson for Pernod Ricard said: “At Pernod Ricard, we work on an ongoing basis to adapt our organisation and ways of working to the fast-evolving business environment.
“That is why we have announced to all our employees an internal project aimed to create a more agile and simplified organisation aligned with our strategic objectives and the current evolution of our business.
"These changes imply the launch of local consultation processes with our social partners and employees where necessary, therefore we cannot comment any further at this stage.”
Jameson is distilled in Midleton, Co Cork. Pernod Ricard has owned the brand since 1988.
Read more
Heydon has high hopes Irish exports to Japan
Distilleries hope US tariff threat is a short-term issue
UK-India trade deal to sell £1bn of Scotch whisky in 5 years
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