Absolut Vodka is a brand of vodka, produced near Åhus, in southern Sweden. Absolut is a part of the French group Pernod Ricard. Pernod Ricard bought Absolut for €5.63 billion in 2008 (equivalent to € in ) from the Swedish state. Absolut is one of the largest brands of spirits in the world (after Smirnoff and Bacardi) and is sold in 126 countries.
History
Absolut was established in 1879 by Lars Olsson Smith. Smith challenged the city of Stockholm's liquor marketing monopoly with his vodka. It was sold outside the city border at a lower price than the monopoly's product. Smith offered free boat rides to the distillery and Rent Brännvin ("Pure Vodka") was highly successful.[1]
In 1917, the Swedish government monopolized the country's alcohol industry. Vodka was then sold nationwide under the name Absolut Rent Brännvin. In 1979, the old name Absolut was picked up when the upper-price range Absolut Vodka was introduced. Renat is the name of another vodka product sold by Pernod Ricard Sweden AB.
Absolut Vodka was introduced to the global market in 1979. As of 2018 Absolut sells over 100 e6L of vodka annually.[2] The vodka is made from winter wheat and is produced only in Åhus.[3]
Lars Olsson Smith
Lars Olsson Smith was born in 1836 in Kiaby and died in 1913 in Karlskrona, Sweden.
L.O. Smith was an entrepreneur, parliamentarian and founder of Absolut Rent Brännvin ("Absolutely pure spirit"). It was the inspiration for Absolut Vodka. L.O. Smith launched a method that removes contaminants such as glut in the spirits. L.O. Smith came from a peasant family in Blekinge and quickly made a career in the retail trade as a 6-year-old. He later moved to Stockholm and started manufacturing and selling vodka at his factory at Reimersholme.[4][5]
Advertising
In the early 1980s in New York, Absolut Vodka was popular among the creative community. Absolut's first advertising campaign was created by TBWA for the brand's U.S. Importer, Carillon Importers, Ltd.
The brand has a long-running advertising campaign created by TBWA.[6][7] The first of these ads, typical of the rest, was introduced in 1981 and featured a picture of the bottle with a halo over the cap above the slogan "Absolut Perfection".[6]
Absolut's first advertising campaign ran for more than twenty-five years from its launch in 1980. The campaign has encompassed many different kinds of ads, such as art, fashion, cities, spectaculars, Hollywood, etc. Their advertising has won hundreds of awards, including charter membership in the American Marketing Association's Marketing Hall of Fame. Absolut was inducted into the Hall in 1992 along with just two other brands: Coca-Cola and Nike.[8]
Controversies
After pausing its production in Russia due to the Russian invasion of Ukraine in February 2022, Pernod Ricard resumed the export of Absolut Vodka in April 2023, leading to widespread criticism in Sweden. As a result, Pernod Ricard decided to once again stop its operations in Russia.[41]
See also
- Absolut Art Collection
- Explorer Vodka
External links
References
- The story Absolutad.com, 17 April 1979, retrieved 2020-03-14^
- Amy Hopkins. Vodka giants experience change of fortune The Spirits Business, 15 June 2018, retrieved 2020-03-14^
- One Source absolut.com^