Pernod Ricard ‘loses New Delhi licence appeal’

A tribunal successful New Delhi has reportedly rejected an entreaty from Pernod Ricard to resume selling successful the Indian capital.

According to Reuters, the spirits elephantine failed to person the tribunal to let the Absolut vodka shaper re-start trading successful the city.

Pernod declined to remark erstwhile approached by Just Drinks.

The reported ruling is the latest stroke for the French radical successful India.

Last month, India’s contention watchdog ordered an probe into claims Pernod illegally colluded with retailers to boost income successful New Delhi, allegations the Jameson whiskey proprietor denies.

Reuters said connected Friday a precocious tribunal justice successful New Delhi had cited the lawsuit successful his verdict, insisting the probe makes Pernod “ineligible” for a licence.

The Competition Commission of India (CCI) is examining allegations the spirits elephantine breached rules successful its dealings with retail customers successful New Delhi.

Pernod said past period it “unequivocally denies immoderate wrongdoing”.

The institution added: “We run to the highest standards of compliance and governance and we are assured that our concern practices afloat adhere to the laws and regulations of the country.”

In Pernod’s 2024/2025 fiscal year, the institution generated 13% of its €10.96bn successful nett income successful India.

In December 2024, the CCI raided offices of Pernod and Anheuser-Busch InBev successful the Indian metropolis of Hyderabad, reportedly looking into claims of colluding with retailers connected price.

That aforesaid month, Pernod denied claims executives broke liquor laws successful Delhi done collusion with retailers.

"Pernod Ricard ‘loses New Delhi licence appeal’" was primitively created and published by Just Drinks, a GlobalData owned brand.

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