Announced
Financials
Tags
fine wines
Friendly
Single Bidder
Acquisition
France
Private
Distillers and Vintners
Synopsis
LVMH, the largest luxury goods group in the world, agreed to buy Le Chateau du Galoupet, a winery in France’s Provence region dating back to the 17th Century, mainly producing rose wine. Financial terms were not disclosed. This deal would bolster LVMH's portfolio of top wines and spirits, such as Veuve Clicquot champagne and Hennessy Cognac.
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