Pernod Ricard reaches legal settlement
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- March
- 27
Pernod Ricard USA LLC, a Purchase company that sells alcoholic drinks, has reached a settlement with a Stamford, Conn., supplier it was seeking to oust, court records show. But terms of the settlement with United States Beverage LLC will not be made public. Pernod Ricard sued the supplier in U.S. District Court in White Plains, arguing that the supplier’s five-year contract to buy and sell Pernod’s Seagram’s Cooler low-alcohol drinks expired at the end of this month. Pernod Ricard wanted to replace United States Beverage with the High Falls Brewing Co. LLC of Rochester.
United States Beverage countered that it paid Pernod more than $30 million in fees and spent additional tens of millions of dollars to market the drinks based on Pernod’s promises of a long-term relationship. A spokesperson for United States Beverage declined to comment. Jack Shea, a Pernod Ricard spokesperson, said a condition of the settlement was that the terms would not be disclosed.
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on Tuesday, March 27th, 2007 at 4:48 pm by Allan Drury.
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