India authority orders New Delhi city to reconsider Pernod license rejection
NEW DELHI (Reuters) -An Indian appeals authority ruled that the city of New Delhi must reconsider its refusal of a liquor license request by France's Pernod Ricard, rejecting its justification the company had a criminal background, the order seen by Reuters showed. India accounts for a tenth of Pernod's group sales, and its business in New Delhi - an urban tourist hub considered a showcase market for premium brands - had previously contributed around 5% of its sales in the country. Retail sales of Pernod's brands, which include Chivas Regal, have been prohibited in the Indian capital since 2022, however, with authorities repeatedly denying it a license citing ongoing investigations into suspected violations of liquor regulations.