On the brink of financial collapse, the Vranken-Pommery-Henkell merger takes shape

Burdened by debt exceeding 750 million euros, the Vranken-Pommery group is facing the most severe crisis in its history. Unable to finalize its bank refinancing, the owner of Maison Pommery is continuing negotiations with the German group Henkell.

 

Long considered one of the jewels of the champagne industry, Vranken-Pommery is now facing a financial crisis of unprecedented magnitude: at the end of its 2025 fiscal year, its net financial debt stood at 754.4 million euros.

 

A debt that has become unsustainable

 

While revenue stood at 293 million euros in 2025, the debt represents more than two and a half times the company’s annual revenue—a situation that severely undermines its cash flow. Rising interest rates have further increased the cost of this debt, while large inventories tie up a significant portion of the group’s financial resources.

 

This financial situation has led Vranken-Pommery’s long-standing banking partners to adopt a much more cautious stance. The expected refinancing could not be finalized on time, depriving the group of a sustainable solution to ease the pressure on its debt.

 

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Read also > Pommery & Associates in talks with Henkell International

 

Featured photo : © Getty Images

Picture of Anthony Conan
Anthony Conan
Graduated as a multimedia journalist in 2019, Anthony Conan has multiplied his experiences, notably as an editorial assistant at TF1 and as a radio journalist at RCF Bordeaux. He specializes in video editing in addition to writing, and has developed a particular interest in economics.

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