Sat Sep 07 07:21:09 UTC 2024: – Henkell Freixenet, a wine-and-spirits major, has acquired full control of its distributor in Portugal, Vinicom.
– The acquisition was seen as an opportunity to further develop the dynamic sparkling wine market in Portugal.
– Henkell Freixenet saw revenues rise more than 4% in 2023, with sales from sparkling wine increasing by 6%.
– The company’s still-wine arm saw a decrease in sales, while sales from the spirits portfolio rose by 11%.
– The group announced plans to cut staff hours in Spain due to drought conditions affecting its Cava business.

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