The Californian sparkling wine producer was previously represented by Brown-Forman.

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Henkell Freixenet recorded net sales of around €1.25bn in 2024 – an increase of 1.5% compared to the previous year.

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180 out of 738 jobs are set to be cut at the Cava producer.

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While sales of Spanish sparkling wine are declining, especially in exports, the revenue per unit is increasing.

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Despite the celebratory image, the sparkling wine market is facing challenges. Champagne houses, in particular, are under pressure. Miriam Müller and Sophia Langhäuser assess the Top 10 market leaders.

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The picturesque Moselle Valley in Luxembourg is well known and firmly established as a preferred destination for discerning wine enthusiasts. Now – more and more – Crémant de Luxembourg is claiming a greater share of the spotlight.

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In an otherwise robust wine market, sparkling wine consumption is sharply declining.

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While Champagne is losing significance in its home market, Crémants and foreign sparkling wines are gaining traction. Prosecco holds a special position in this trend.

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According to a new Rotkäppchen-Mumm trend study, 18- to 29-year-olds prioritise spending their money on meaningful experiences over acquiring new possessions.

Reading time: 2m