Malibu is a brand of a coconut flavored liqueur, which has been produced on the island of Barbados since 1893. Malibu is one of the worlds most iconic brand and a number one coconut-flavored rum in the world. It’s been a part of Pernod Ricard Group since 2005, after the French beverage giant acquired Allied Domecq (who owned Malibu) for $14 billion.