Indian court rejects Pernod Ricard's bid to resume New Delhi liquor sales
Pernod Ricard's three-year shutout from New Delhi extends after the court denied its plea to restart sales in a market that once delivered 5% of its India revenue. The Absolut and Chivas Regal owner also faces antitrust scrutiny and a $314 million back-tax demand, deepening regulatory pressure on its second-largest global market.
Indian court rejected Pernod Ricard's plea to resume liquor sales in New Delhi, extending its three-year exit from a market that contributed 5% of its India sales. Company faces parallel antitrust scrutiny and a $314 million tax demand.