Sparkling wine and Calvados sold out (4)
I believe the answer is:
cava
'sparkling wine' is the definition.
(I've seen this before)
'calvados sold out' is the wordplay.
'out' indicates named letters should be taken away.
'calvados' with 'sold' taken out is 'CAVA'.
'and' is the link.
(Other definitions for cava that I've seen before include "Sparkler" , "Spanish bubbly" , "sparkling drink" , "Spanish sparking wine" , "Spanish fizz" .)