Pernod Ricard Renews Licensing Agreement with Corby Spirit and Wine in Canada
Pernod Ricard has renewed its licensing agreement with Toronto-based Corby Spirit and Wine, allowing the latter to continue representing Pernod's brands in Canada for another three years. The renewal follows Corby meeting performance criteria set by Pernod over a long-term partnership that spans two decades. In a statement, Pernod’s North American CEO expressed confidence in Corby as a strategic partner for growing its premium spirits portfolio in the Canadian market. Corby reported $29.4 million in revenue from this licensing agreement during the financial year ending June 30. The company also posted strong overall results, with organic revenue rising by 10% to C$271.6 million and adjusted EBITDA increasing by 5%. Corby's CEO highlighted that RTDs now account for around 40% of its total revenue.
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Topics: canada corby pernod ricard renewal agreement