Drain pineapple, reserving 3/4 cup juice. In a large pitcher or punch bowl, stir together reserved pineapple juice, wine, champagne, and lemon juice.
Place a sugar cube in each glass. Pour punch over sugar cube. Serve with small skewers of cut-up strawberries, kiwi fruit, and pineapple. Makes about 16 (4-ounce) servings.