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Pernod Ricard is a global spirits company that produces a wide variety of spirits, liqueurs, and other alcoholic products. It was formed in 1975 by the merger of two separate companies Pernod and Ricard. Pernod had been founded in 1805, and produced and sold Pernod Fils absinthe, one of the best known absinthe's of the day. Ricard was founded in 1932 by Paul Ricard, who successfully created the first absinthe substitute after the global ban of absinthe.