French drinks giant Pernod Ricard has denied that its wine division is up for sale, maintaining that the company is 'very happy' with its performance. Industry commentators had suggested that Pernod might sellbrands including Jacob’s Creek and Brancott Estate (formerly Montana), following the company’s creation of a stand-alone premium wines division in July. But, speaking at the company’s 2009/10 results announcement, managing director of finance Gilles Bogaert said Pernod was ‘very happy’ with the wine division, adding that it was ‘not for sale’.