Pernod Ricard completed the acquisition of a minority stake in Almave.

Pernod Ricard, a wine and spirits seller, completed the acquisition of a minority stake in Almave, a Super Premium non-alc blue agave-based spirit brand. Financial terms were not disclosed. “With Almave, Lewis Hamilton and Casa Lumbre have designed something that is truly exceptional in terms of quality, taste, and positioning. Agave is a highly sought-after category across the world. Having a non-alc proposition in our Premium portfolio that pays full tribute to the craft and savoir-faire of its traditional distillation makes it a true gem. I’m very excited to see Pernod Ricard support the development and fulfil the true potential of Almave," Alexandre Ricard, Pernod Ricard Chairman and CEO.