Pernod Ricard sells Mumm Napa sparkling wine activities and Kenwood winery in California
Pernod Ricard has completed the sale of its Mumm Napa sparkling wine operations in the United States to Trinchero Family Wine and Spirits. The company also sold its Kenwood winery to F. Korbel & Bros, further streamlining its California wine business.
New York – Pernod Ricard has finalized the sale of its Mumm sparkling wine activities in the United States, including Mumm Sparkling California, Mumm Napa, and DVX, to Trinchero Family Wine and Spirits. The transaction allows Pernod Ricard to concentrate resources on its premium international spirits and champagne brands.
In a related deal, Pernod Ricard sold its Kenwood winery operations in Sonoma, California, along with associated trademarks, to F. Korbel & Bros, a producer of sparkling wine. Kenwood produces a variety of premium Sonoma wines primarily for the U.S. market. The sale includes approximately 20 acres of vineyards, production facilities, and a visitor center.
These dispositions align with Pernod Ricard's strategy of streamlining its wine operations in California and divesting non-core assets. The company previously announced the sale of its strategic international wine portfolio in April 2025.
Pernod Ricard continuously assesses its strategic opportunities as part of its ongoing effort to deliver sustainable value for its stakeholders. The company maintains a focus on its portfolio of prestige spirits and champagnes.