Pernod Ricard to acquire sparkling wines activities of Trinchero Family Wine and Spirits.

Pernod Ricard, a spirits and wine company, agreed to acquire sparkling wines activities of Trinchero Family Wine and Spirits, a family‑owned US wine and spirits company, that produces, markets and distributes wine and spirits brands. Financial terms are not disclosed. This transaction, which does not include any assets related to the G.H. Mumm Champagne brand or other international Mumm sparkling wines activities, will enable Pernod Ricard to continue focusing its resources on its portfolio of premium international spirits and champagne brands, in line with its premiumisation strategy. It reflects Pernod Ricard’s continuous assessment of its strategic opportunities and active portfolio management, in line with its longstanding policy to deliver sustainable value for its shareholders, employees, clients and partners.