MALT DEAL DONE: French luxury group LVMH Moët Hennessy Louis Vuitton has completed its deal to acquire Glenmorangie plc, one of Scotland’s most prestigious single-malt whisky makers. LVMH said in October it would bid for the shares of the drinks concern, with the offer valuing Glenmorangie at 300 million pounds, or $574.7 million at current exchange rates. Founded in 1893, Glenmorangie ranks as the world’s sixth-largest malt whisky producers. The company, which is traded on the London Stock Exchange, distills the Glenmorangie, Ardbeg and Glen Moray whisky brands. LVMH’s wines and spirits holdings include Moët & Chandon, Dom Perignon, Krug, Veuve Clicquot and Hennessy.
This story first appeared in the December 30, 2004 issue of WWD. Subscribe Today.
LACOSTE SEIZURE: In the latest crackdown on counterfeit merchandise, Lacoste USA said it has seized counterfeit goods valued at more than $170,000 in raids at locations throughout Puerto Rico. The merchandise, including dress shirts, knit polo tops, hats and jeans, was taken from flea markets, Internet retailers, wholesalers and street vendors. The seizures were conducted with the assistance of the U.S. Marshals Service in Puerto Rico, Lacoste said. “We’re sending a strong message to counterfeiters in the U.S. and its territories,” said Robert Siegel, chairman and chief executive officer of Lacoste USA. “We will work with the authorities to seek out and prosecute trademark violators wherever they operate.”