Pernod Ricard and Trinchero in Definitive Agreement for the Sale of Mumm Napa Sparkling Wines

Core Insights - Pernod Ricard and Trinchero Family Wine and Spirits have signed a definitive agreement to transfer sparkling wine activities in the U.S., including Mumm Sparkling California, Mumm Napa, and DVX [1][2] - The transaction allows Trinchero to exclusively manufacture, produce, and distribute Mumm sparkling wines in the U.S., Canada, Mexico, and select Caribbean markets [2][3] - This acquisition will enhance Trinchero's premium portfolio and strengthen its position as a leading U.S. wine supplier [3][4] Company Overview - Pernod Ricard is a global leader in the spirits and wine industry, with a consolidated sales figure of €10,959 million in fiscal year FY25 [6] - The company focuses on premium international spirits and champagne brands, aligning with its premiumisation strategy [4][6] - Trinchero Family Wine and Spirits has been a family-owned company for over 75 years, growing to become one of the five largest U.S. wineries [7]