LVMH Acquires Montaudon Champagne

FB to FBlog Tags: — @ 5:09 pm December 13, 2008 —

montaudon

PARIS – LVMH Moet Hennessy Louis Vuitton on Friday said it acquired France’s Montaudon champagne house, regarded for exclusive vintages. Terms of the deal were not disclosed. Montaudon, which employs 29 people, joins LVMH’s already formidable stable of champagne houses, which included Dom PĂ©rignon, Moet et Chandon, Veuve Clicquot Ponsardin, Krug, Ruinart and Mercier. “The acquisition of Montaudon enables us to complete our portfolio,” said Christophe Navarre, chairman of Moet Hennessy, LVMH’s wines and spirits division. “This corresponds with Moet Hennessy’s strategy to strengthen its worldwide leadership in the luxury wines and spirits sector.” LVMH has continued to solidify…

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