PARIS — LVMH Moët Hennessy Louis Vuitton on Friday said it acquired France’s Montaudon Champagne house, regarded for exclusive vintages.
This story first appeared in the December 15, 2008 issue of WWD. Subscribe Today.
Terms of the deal were not disclosed.
Montaudon, which employs 29 people, joins LVMH’s already formidable stable of Champagne houses, which includes Dom Pérignon, Moët et Chandon, Veuve Clicquot Ponsardin, Krug, Ruinart and Mercier.
“The acquisition of Montaudon enables us to complete our portfolio,” said Christophe Navarre, chairman of Moët Hennessy, LVMH’s wines and spirits division. “This corresponds with Moët Hennessy’s strategy to strengthen its worldwide leadership in the luxury wines and spirits sector.”
LVMH has continued to solidify its brand portfolio despite the economic crisis. Earlier this year, the group, headed by French billionaire Bernard Arnault, purchased the luxury watch brand Hublot, as well as yacht builder Royal van Lent.