Pedro Domecq produced brandy and sherry until 1994, when the family was bought out and Pedro Domecq became part of the UK-based Allied Domecq.
The strategy proved a resounding success, particularly through the acquisitions of Seagram and Allied Domecq, sales outside France now accounting for 90% of turnover as against 17% when the Group was formed.
In 2005 Pernod Ricard took over Allied Domecq and the New Zealand business unit Allied Domecq NZ was integrated into the company which was subsequently renamed to Pernod Ricard Pacific.
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In 1962, the company ceased to be a family-owned business when it was sold to Harvey’s of Bristol, which itself then became part of Allied Domecq until 2005, when Allied Domecq was taken over by Pernod Ricard, which sold Cockburn's and some other brands to the Fortune Brands holding company (the parent company of Beam Global).