New Delhi, May 30 (IANS) The Delhi High Court (HC) has dismissed a plea filed by French wine and spirits giant Pernod Ricard against denial of a wholesale liquor licence, holding that the company has a “criminal background” under the Delhi Excise Act and is therefore ineligible for an L-1 licence.Justice Purushaindra Kumar Kaurav ruled that the authorities were justified in rejecting the company’s applications for wholesale liquor licences in view of pending prosecution against it in connectio…
Latest Pernod Ricard News & Updates
New Delhi, May 29 (IANS) The Delhi High Court on Friday rejected French liquor giant Pernod Ricard’s plea seeking permission to resume the sale of its products in the national capital, dealing a setback to the company in one of its key markets in India.The company had approached the High Court after Delhi excise authorities dismissed its application for a licence to sell liquor in the city.Pernod Ricard has been locked in a dispute with Delhi authorities for the past three years over the renew…
New Delhi, May 9 (IANS) The Competition Commission of India (CCI) has ordered a detailed antitrust investigation into French liquor group Pernod Ricard over allegations that the liquor major entered into exclusive arrangements with retailers in Delhi to promote its brands and restrict rival products in the market.The fair trade regulator said it found prima facie merit in allegations that Pernod Ricard and associated entities may have engaged in ‘exclusive dealing agreements’ aimed at increasing…
New Delhi, May 9 (IANS) Fair trade regulator the Competition Commission of India (CCI) has ordered an investigation into French liquor group Pernod Ricard over allegations that the company extended financial assistance worth around Rs 200 crore to retailers in New Delhi in exchange for preferential stocking and promotion of its brands.The antitrust regulator’s order said the allegations relate to corporate guarantees provided by Pernod Ricard to help liquor retailers secure bank loans under De…