Pernod Ricard is a French company that produces alcoholic beverages. The company's eponymous products, Pernod Anise and Ricard Pastis, are both anise-flavoured pastis apéritifs and are often referred to simply as Pernod or Ricard. The company also produces several other types of pastis. It is the world’s second-largest wine and spirits seller.Pernod Ricard owned the distilled beverage division of the former corporation Seagram until 2006, along with many other holdings. In 2005, the company acquired a British-based competitor, Allied Domecq PLC.In 2008, Pernod Ricard announced its acquisition of Swedish-based V&S Group, which produces Absolut Vodka. In 2013, Pernod Ricard joined leading alcohol producers as part of a producers' commitments to reducing harmful drinking.As of 2015, India is the company's third largest market by value.In December 2018, Elliott Management Corporation purchased a 2.5% stake in Pernod Ricard.According to the NGO Alliance Anticorrida, Pernod Ricard was the major funder of bullfighting in France,financing bullfighting clubs and sponsoring corridas despite the opposition of a majority of French citizens to blood sports. In 2020, Pernod Ricard ended the association with bullfighting clubs.