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cava
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Life & Style
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Business
Codorniu stops producing white label cava for foreign brands
The Catalan cava producer Codorniu announced that they will stop producing for foreign brands and will instead focus on their own Premium and Prestige products. The company explained that white label production (producing for third parties) is no longer profitable and thus must be stopped. The company said that production for third parties, basically in the United Kingdom, represents 5% of sales. According to the Catalan cava company, suspending this area is one of the major steps in its strategic plan, which was launched in 2015, and means that around 100 workers of the company will be let go. Sources at the company explained to the Catalan News Agency that the layoffs will affect both Catalonia and the rest of the countries where Codorniu is present.