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Time of India
2 hours ago
- Entertainment
- Time of India
Purpose, Data, Empathy, and AI: Highlights from Cannes Lions
By Shrenik Gandhi Yesterday was a classic Cannes. A little sunburn, a lot of walking, and five sessions that left my head buzzing in the best way. 1. Luana Iurillo (Pernod Ricard) – Purpose Without Pretence Luana opened the day with the kind of honesty you want to see on big stages. No jargon, no performance, just a reminder that belief inside an organisation can sometimes outmuscle even the biggest budgets. Pernod Ricard's journey from internal conviction to global resonance is proof that when purpose is real, it travels. 2. Emily Twomey (Razorfish) with Peggy Fang Roe (Marriott) & Amy Hu (New York Life) – Data That Cares Emily said, 'Data needs a soul.' I've seen enough dashboards to know how easily we forget that. The panel didn't just talk about numbers, they talked about impact. No grand claims, just a clear point: data is only as good as the lives it touches. I was scribbling notes like it was final-year college all over again. 3. Global CMO Roundtable – Media Is Now Empathy This session felt like eavesdropping on the smartest dinner table in the business. One CMO put it simply: 'Media planning is empathy planning now.' That line landed hard. It's not about reach anymore; it's about relevance and respect. I bumped into a couple of old industry friends from India — those spontaneous Cannes reunions that feel like catching your breath. 4. Andy Bird (ex-Disney) – Campaigns That Truly Heal Andy walked us through work that didn't just get clicks, it changed lives. The 'Neki Ki Raah' campaign, where dhaba menus doubled as eye tests, stood out. That's the kind of storytelling that stays with you and gets stuck to your soul. 5. Jason Morton & Don Sklenka (Claritas) – AI Can't Feel The last session of the day. No fear-mongering, no hype. Just one perfect line: 'AI can write, but it can't feel.' I closed my notebook and let that linger. Technology can do a lot, but it can't replace the human pulse at the heart of our craft. Evening: The Awards India didn't win big in numbers, but FCB's 'Lucky Yatra' picking up a Gold Lion had the whole contingent beaming. Watching that team walk up, you could feel what it meant. When one of us wins, it lifts all of us a little higher. Reflection This is my second time at Cannes. Last year, I was wide-eyed. Feels different now — last year was wide-eyed. This time, more grounded. I'm walking away with a full notebook, a fuller heart, and a tiny voice saying, 'We've got this too.' (The writer, Co-founder and CEO, White Rivers Media, is an attendee at the Cannes Lions International Festival of Creativity 2025. Views expressed are personal.)
Yahoo
6 hours ago
- Business
- Yahoo
Premium Alcohol Market Forecasts Report 2025-2030 Featuring Diageo, Pernod Ricard, HITEJINRO America, Cerritos, CA, Brown Forman, Bacardi
The global premium alcohol market is projected to reach $950.838 billion by 2030, growing at a 9.76% CAGR from 2025. This growth is driven by rising disposable income and urbanization, boosting demand for high-quality alcoholic beverages. Key players include Diageo and Pernod Ricard. Global Premium Alcohol Market Dublin, June 20, 2025 (GLOBE NEWSWIRE) -- The "Premium Alcohol Market - Forecasts from 2025 to 2030" report has been added to global premium alcohol market is estimated to attain a market size of US$950.838 billion by 2030, growing at a 9.76% CAGR from a valuation of US$596.767 billion in 2025. Premium alcohol is alcoholic beverages that are prepared with higher quality standards with the utilization of superior and high-quality ingredients, it involves refined production procedures and are typically aged or fermented for a longer time to enhance their taste and quality. The market of alcoholic beverages is witnessing growth due to diverse growth drivers such as the increase in the middle class with the increase in disposable income, which enhances their purchasing power which is enabling these consumers to spend on luxury alcoholic various wine-producing nations are investing in expanding their wine production to cater to the growing end-user demand. For instance, according to the International Organization of Vine and Wine, in 2024, Italy's wine production reached 44.1 million hectoliters, which represented a 15.1% growth over 2023's production, and the country accounted for 19.5% of the global production volume in the same Trends Growing Disposable Income and Urbanization Drive Premium Alcohol Demand: Rising disposable income enhances consumers' ability to purchase high-quality and premium alcoholic beverages, significantly boosting the premium alcohol market. According to the U.S. Energy Information Administration, global per capita disposable income is projected to increase from $10,136 in 2022 to $10,677 in 2025, reaching $11,862 by 2030 and $13,116 by 2035. Additionally, the World Bank reported that 57% of the global population lived in urban areas in 2023, a figure expected to grow with the economic progress of major nations. This urbanization trend is anticipated to increase demand for wines for both personal and commercial purposes. North America's Robust Alcohol Market: The United States, a leading alcohol-consuming nation, is seeing growth in its outdoor culture due to improving living standards and a vibrant youth demographic. Bank of America data indicates that bar spending accounted for 4.8% of total restaurant expenditure, showing consistent growth. Notably, bar spending by baby boomers in the U.S. recorded a 4% year-on-year increase in January 2025. Key Benefits of this Report: Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments. Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy. Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments. Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment. Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises. Report Coverage: Historical data from 2022 to 2024 & forecast data from 2025 to 2030 Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis Competitive Positioning, Strategies, and Market Share Analysis Revenue Growth and Forecast Assessment of segments and regions including countries Key Attributes: Report Attribute Details No. of Pages 142 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $596.77 Billion Forecasted Market Value (USD) by 2030 $950.84 Billion Compound Annual Growth Rate 9.7% Regions Covered Global Company Profiling (Strategies, Products, Financial Information, and Key Developments) Diageo Pernod Ricard Tito's Handmade Vodka HITEJINRO America, Cerritos, CA Brown Forman Corporation Bacardi Limited Tanduay Distillers, Inc. Allied Blenders and Distillers Pvt. Ltd. (ABD) Alliance Global Group, Inc. (Emperador) Kaya Spirits Anheuser-Busch InBev SA/NV Constellation Brands, Inc. Global Premium Alcohol Market Segmentation: By Type Wine Beer Spirits By Sales Channel On-Trade Off-Trade By Distribution Channel Online Offline By End-User Household Consumers Hospitality & Food Services Corporate & Event Buyers Duty-Free/Travel Retail By Region North America United States Canada Mexico South America Brazil Argentina Others Europe United Kingdom Germany France Spain Others Middle East & Africa Saudi Arabia UAE Israel Others Asia Pacific Japan China India South Korea Indonesia Thailand Others For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Global Premium Alcohol Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Irish Independent
a day ago
- Business
- Irish Independent
Jameson owner Pernod Ricard says it's ‘committed' to Ireland amid global review
France's Pernod Ricard owns Irish Distillers, with Jameson being a leading global seller for the group. It also owns brands such as Absolut and Martell. 'Pernod Ricard announced a reorganisation project aimed at creating a more agile and simplified organisation aligned with our strategic objectives and the current evolution of our business,' said a spokesperson. 'Given that we have just begun this process, we are not in a position to comment any further at this stage,' they said. The spokesperson added: 'Jameson is a strategic brand for Pernod Ricard, and we remain committed to Ireland, the Irish whiskey category and the growth of our whiskey brands on the global stage.' Jameson looks set to retain a leading role in the company's high-profile portfolio. Pernod Ricard told staff this week that it has launched an "internal project to create a more agile and simplified organisation". It had already announced job cuts in China, where steep anti-dumping duties on its Martell cognac label have hit sales hard, as well as a plan to cut €1bn in costs by its 2029 financial year. In a staff memo, chief executive Alexandre Ricard said the project, dubbed 'Tomorrow 2', was intended to "further advance the simplification of our organisation". Mr Ricard told staff in a video that the restructuring, which includes bundling administrative tasks rather than having brands operate individually, would lead to "departures", two sources said. There were no further details about the impact on jobs. In the presentation slides, the company said it would organise its brands into two main units, named Gold and Crystal. ADVERTISEMENT The Gold division would include champagne and brands such as Martell cognac and Jameson, while Crystal will include Havana Club, Absolut vodka and some French aperitif brands. The company plans to implement the changes, including voluntary departures, in the last three months of 2025, the slides showed. "These changes imply the launch of local consultation processes with our social partners and employees where necessary," Pernod Ricard said, without commenting on the number of jobs affected or the plan to group brands into two units. Last month, the master distiller at Pernod Ricard's Irish Distillers unit, Kevin O'Gorman, said a new €250m distillery at Midleton in Co Cork won't now open until 2027. It had been expected to open this year. Last month rival LVMH's wines and spirits division announced plans to shrink its workforce by nearly 13pc. Pernod, Guinness maker Diageo and Remy Cointreau have also had to adjust their growth expectations as the boom in sales enjoyed after the Covid pandemic has gone into reverse. All three companies have scrapped or reduced ambitious sales targets for the coming years. Remy and other rivals, such as Jack Daniel's maker Brown-Forman have also cut jobs. Diageo, the world's largest spirits maker, also plans to cut $500m in costs and make substantial asset disposals by 2028.
Yahoo
a day ago
- Business
- Yahoo
Pernod Ricard launches reorganisation plan
Pernod Ricard has launched "an internal project" aimed at creating "a more agile and simplified organisation" at the Olmeca Tequila maker. Reports from Reuters yesterday (18 June) suggested the group was looking to streamline its operations. Internal company presentation slides viewed by the publication reportedly suggested Pernod Ricard plans to group its brands into two main divisions. When asked about its plans, the group told Just Drinks: "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'. It is unclear how many employees may be affected by the move. According to a staff memo, seen by Reuters, CEO Alexandre Ricard said the project, called Tomorrow 2, looks to "further advance the simplification of our organisation". Two sources also told the publication Ricard informed staff in a video the group's restructuring would bring about "departures". Several major distillers have been facing pressure on sales amid slowing demand in important markets including the US and China. Trade tensions have also weighed on consumer sentiment and shaken supply chains. In May, LVMH's Moët Hennessy also reportedly revealed plans to lay off thousands of its employees. Pernod Ricard's two new business divisions are allegedly called "Gold" and "Crystal", with the former including Champagne, and brands such as Martell Cognac and Jameson whiskey. The latter would feature Havana Club rum, Absolut vodka and French aperitifs. According to Reuters, the changes are expected to be brought into force in the last three months of this year. In its third-quarter results, released in April, Pernod Ricard booked €2.38bn ($2.7bn) in net sales, declining 3% on an organic and reported basis. Nine-month net sales dipped 4% organically and by 3% in reported terms to €8.5bn, hit by a €145m foreign-exchange impact. Volumes in the nine months were up 1%. In Pernod Ricard's third quarter, its net sales in the US were up 2%, although the company said organic net sales were "ahead of sell-out supported by wholesalers' orders ahead of tariff announcements". In China, net sales declined 5% and were down 22% in the first nine months of the financial year. At the time, the group said it was facing a 'macro context' that 'remains challenging'. Speaking after Pernod Ricard reported its third-quarter results, CFO Hélène de Tissot said the company expected China to weigh on its annual performance. 'For the fiscal year '25, the main impact of tariffs is China, which we are completely assessing. That's why we are confirming our ability and our confidence to sustain the operating margin," she said at the time. "Pernod Ricard launches reorganisation plan" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
2 days ago
- Business
- Yahoo
Pernod Ricard plans reorganization into two main brand divisions
-- Pernod Ricard (EPA:PERP) is planning to reorganize its business by grouping its brands into two main divisions, according to an internal presentation quoted by Reuters on Wednesday. The French spirits maker reportedly confirmed it had announced an "internal project to create a more agile and simplified organisation" when contacted about the matter. The company's streamlining effort appears aimed at creating a more efficient operational structure as it navigates the current challenging market environment Related articles Pernod Ricard plans reorganization into two main brand divisions Microsoft plans to cut thousands of jobs in sales division - Bloomberg BofA starts Sandisk at Buy on margin upside, NAND recovery prospects Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
