LVMH Moet Hennessy to acquire 55% stake in Chateau d'Esclans.

LVMH Moet Hennessy, a French multinational luxury goods conglomerate, agreed to acquire Chateau d'Esclans, a wine producer in Provence, specializing in full-bodied, dry rosé wines. Financial terms were not disclosed. Alix AM, Sacha Lichine's partner since 2008, cedes the entirety of its 50% ownership to Moët Hennessy while Sacha Lichine cedes 5% of his shares. "I am thrilled by the alliance with Moët Hennessy and the ability, through the backing of this great group, to continue to develop the Château d'Esclans estate. Indeed, we will continue to please and delight our clients across the globe with our excellent Rosé de Provence wines. When I purchased Château d'Esclans in 2006, my aim was to produce a rosé wine in the spirit of the finest wines. Hence, together with the Château d'Esclans team, I created a portfolio of wine brands which are today well known in France and internationally and which are poised to continue growing strongly over the next several years," Sacha Lichine, Château d'Esclans President.