Latest news with #Tomorrow2
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 launches restructuring plan as spirits sales slide
By Tassilo Hummel and Emma Rumney PARIS/LONDON (Reuters) -Pernod Ricard is streamlining its business by grouping brands into two main divisions, according to internal presentation slides seen by Reuters on Wednesday, as European spirits makers grapple with a downturn in sales. Drinkers in key markets such as China and the United States have reduced spending in the face of inflation or other economic worries while international trade tariffs have also hurt sales. The world's No. 2 Western spirits maker from France told Reuters it had announced 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 Pernod's Martell cognac label have hit sales hard, as well as a plan to cut 1 billion euros ($1.15 billion) in costs by its 2029 financial year. In a staff memo reviewed by Reuters, Chief Executive Alexandre Ricard said the project, dubbed "Tomorrow 2", was intended to "further advance the simplification of our organisation". 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 seen by Reuters, the company said it would organise its brands into two main units, named Gold and Crystal. The Gold division would include champagne and brands such as Martell cognac and Irish whiskey 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 rival LVMH's wines and spirits division announced plans to shrink its workforce by nearly 13%. Pernod, Diageo and Remy Cointreau have also had to adjust their growth expectations as the boom in sales enjoyed after the COVID-19 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 $500 million in costs and make substantial asset disposals by 2028. Pernod reported a 3% decline in third-quarter sales in April. Its shares have lost about 50% since the start of 2023 as sliding sales and tariffs have weighed on investor sentiment. ($1 = 0.8690 euros) 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
Yahoo
21-03-2025
- Entertainment
- Yahoo
How a ‘Reality Check' Helped GloRilla Get Her Groove Back — And Conquer Hip-Hop
Memphis-bred rap star GloRilla knows a thing or two about staging a comeback. In 2022, she exploded into the mainstream with the Grammy Award-nominated, summer-dominating 'F.N.F.' — and quickly followed it up with the Cardi B-assisted 'Tomorrow 2,' which peaked at No. 9 on the Billboard Hot 100 and became her first top 10 hit on the chart. More from Billboard How Doechii's Singular Vision Powered Her Stunning Rise (And A Grammy Win) Jon Stewart, Bowen Yang & More Are Nominated for 2025 Ambies, Presented by the Podcast Academy Watch Celine Dion Rip a Killer Tee Shot and Play Golf Club Air Guitar On Outing With Sons: 'Getting Back into the Swing of Things!!' But 2023 proved to be a far cry from her triumphant rookie year. She kicked it off with the Moneybagg Yo collaboration 'On What U On,' which stalled at No. 56 on the Hot 100 — and was her only release that year to even reach the chart. Everything she dropped bricked, whether it was the radio-ready 'Lick or Sum' or her direct response to detractors, 'Internet Trolls.' And that March, tragedy struck when three people died in a fatal crowd surge at her concert with Finesse2tymes in Rochester, N.Y. With her commercial pull waning, everyone on the internet (trolls and otherwise) seemed to agree: Big Glo had fallen off. '2023 was an eye-opener for me,' the 25-year-old says. 'I realized that I can't take my foot off the gas. I didn't know I was doing that, but I did. It was a reality check when I would drop music and people would hate it. Getting closer to God was one of the key things that helped me.' Born Gloria Hallelujah Woods, the eighth of 10 children, GloRilla grew up in the church. She sang in the choir and her mother only allowed gospel music in the house; as her taste evolved and she found a home in hip-hop, gospel music and its encouraging messages remained present in her raps — from 2022's 'Blessed' to 'Rain Down on Me,' a gospel-rap track from Glorious, her 2024 debut studio album. GloRilla also looked to Yo Gotti, the rap superstar and fellow Memphian who's now her label head, as a mentor. Since Gotti signed Glo to his CMG Records imprint in 2022, the two have worked closely to hone her sound and image, taking her from viral breakout to presidential campaign surrogate (she performed at a Wisconsin rally for former Vice President Kamala Harris last fall). 'Even with all the success and accolades, she's still the same authentic and ambitious hustler that I met back in 2022,' Gotti says of Glo. With the help of her CMG team, renowned choreographer Sean Bankhead and creative director Coco Gilbert, GloRilla spent late 2023 plotting the perfect road map to recapture her momentum. The plan worked: With her first release of 2024, the anthemic 'Yeah Glo!,' GloRilla came out swinging. Arriving in February, the motivational anthem took over nightclubs, cookouts and locker room celebrations. The song topped Mainstream R&B/Hip-Hop Airplay for two weeks and reached No. 28 on the Hot 100, then her highest peak for a solo single. 'To have that little break, come back with 'Yeah Glo!' and have it start going up on the first day [of release] — that was personal,' GloRilla tells Billboard in between rehearsals for her forthcoming Glorious tour. 'Yeah Glo!' was meant to introduce GloRilla's debut album, but its runaway success significantly shifted those plans. 'I felt like I had to build my momentum back, so that's where the mixtape kicked in,' she explains. 'We made that decision around the time 'Yeah Glo!' came out.' Ehhthang Ehhthang arrived in April and yielded another hit single, the Megan Thee Stallion-assisted 'Wanna Be,' which later received a Cardi B remix and peaked at No. 11 on the Hot 100. The week before, Megan had announced Glo as the special guest for her arena-conquering Hot Girl Summer Tour. Between Ehhthang Ehhthang and successful guest appearances on BossMan Dlow's 'Finesse' and Big Boogie's 'Bop,' GloRilla had become inescapable — and she hadn't even launched her official album campaign yet. While opening the Hot Girl Summer Tour in June, GloRilla released 'TGIF,' which kicked her 2024 into an even higher gear. Within a week of the song's release, Rihanna shared an instantly viral clip of herself adorably dancing and singing along to it. By February 2025, GloRilla became the first artist to simultaneously become a face of all four of Rihanna's Fenty brands. With Riri begging for an album in her DMs and Beyoncé posting pictures with her on Instagram, GloRilla had undoubtedly became the hottest woman MC in the game. As 'TGIF' cemented her pop appeal, GloRilla kept her core audience fed — and reinforced her sound — with her feature on Real Boston Richey's 'Get in There.' 'Me and my team figured out the difference between a mixtape and album song: You just got to hear it,' she says. 'My core sound is how [gritty] the mixtape sounded. When I went into album mode, I already had a lot of those songs before the mixtape — but I knew they weren't mixtape songs.' After months of recapturing and multiplying her momentum, GloRilla finally released Glorious in October. With collaborators ranging from Sexyy Red to Maverick City Music, Glo's studio debut was a capstone on her massive year, earning the highest opening week total for an album by a female rapper in 2024 (69,000 units) for a No. 5 debut on the Billboard 200. Five of its songs landed on the Hot 100, including 'Whatchu Kno About Me' (No. 17), which Taylor Swift later used to soundtrack an Eras Tour TikTok. 'I was real excited about that,' Glo recalls. 'Everybody was sending it to me — I was feeling like 'that girl' when she posted that.' Now, after scoring three Mainstream R&B/Hip-Hop Airplay No. 1 hits in under a year and being named Billboard's Hottest Female Rapper of 2024, Billboard's 2025 Women in Music Powerhouse is determined to deliver an impeccable show on her tour, which commenced March 5 in Oklahoma City and will play arenas and music halls throughout the United States. 'Even though I'm not as good at dancing, I'm getting better and I learn fast,' she says, noting that her tour prep playlist includes gospel classics like Yolanda Adams' 'Open My Heart.' 'I learn about two new routines a day. I like helping out with choreography because I get to do what I'm comfortable with and showcase my vision.' Still, GloRilla isn't as concerned with being the best rapper alive as she is with her own consistent personal growth. 'I have the desire to be the best me I can be,' she proclaims. This story appears in the March 22, 2025, issue of Billboard. Best of Billboard Chart Rewind: In 1989, New Kids on the Block Were 'Hangin' Tough' at No. 1 Janet Jackson's Biggest Billboard Hot 100 Hits H.E.R. & Chris Brown 'Come Through' to No. 1 on Adult R&B Airplay Chart
Boston Globe
21-03-2025
- Entertainment
- Boston Globe
‘Yeah Glo!': GloRilla brings ‘Glorious' tour to Boston
Before GloRilla took the stage, opener Queen Key kicked the night off with a bang, performing her 2018 track 'My Way,' along with a short set of her hits. The evening also featured an appearance by Florida rapper Real Boston Richey, who glimmered in a bejeweled, all-black outfit while performing songs like his crowd-pleaser 'Help Me.' DJ Flexx, meanwhile, kept the party going in-between sets, mixing old-school rap classics and new-school club bangers, with a few pop songs like the Miley Cyrus anthem 'Party in the U.S.A.' sprinkled in. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up GloRilla emerged onstage at around 9:40 p.m. in a lacy black body suit and fur boots to match, kicking off the main performance with her song 'Tomorrow 2,' a remix that features verses from Cardi B. Next up was the track 'HOLLON' off of her debut album, followed by the song 'Wanna Be,' which features quick-witted verses by both the Memphis rapper and Megan Thee Stallion whose presence could be felt from afar in Boston on Thursday night, as GloRilla and the crowd shouted 'Go Meg!' during the show. Advertisement The hour-long set also featured sultry male dancers gyrating and ripping off their clothes at one point, and fans were treated to a bit of a light show too, as a bright pink glow lit up the stage during her rendition of 'Pony.' Later in the night, things got a little interactive for one lucky audience member, who was brought onstage and sat before Big Glo, who gave him a close-up performance during one of her more risqué songs. The night came to a close with her fan-favorite track 'Yeah Glo!', to the delight of the crowd. On her way out, the Memphis rapper gave a shoutout to the Boston audience, telling them to 'make some noise for yourselves,' and thanked everyone 'for being such a wonderful, beautiful, good energy crowd.' Advertisement Marianna Orozco can be reached at
