Pernod Ricard, a producer of alcoholic beverages, agreed to acquire an additional stake in Sovereign Brands, a family-owned, family-run wine & spirits company. Financial terms were not disclosed. “In the year since we first announced our partnership with Pernod Ricard, everything that we could have hoped for from the relationship has come to pass. With the upcoming launch of our innovative first joint brands together, it’s the perfect time to deepen our partnership,” Brett Berish, Sovereign Brands CEO.