LVMH buys 55% stake in French rose wine producer
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[PARIS] Moet Hennessy, LVMH's wines and spirit unit, said on Friday it had acquired a 55 per cent stake in Chateau d'Esclans, a rose wine producer in the scenic Var region of southeastern France.
Chateau d'Esclans, the leading Provence Rose in the American market, joins Moet Hennessy's portfolio of wines and spirits," the company said in a statement.
Chateau d'Esclans estate stretches across 267 hectares of which 74 hectares are planted with AOP Cotes de Provence vineyards, which would be extended by 60 hectares. (Reporting Maya Nikolaeva, editing by Louise Heavens)
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
