By  on August 14, 2009

PARIS--LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury products group, has boosted its portfolio of premium wines with the acquisition of stakes in two French private winemakers.
 
LVMH has acquired 50 percent of  Cheval Blanc, which produces and commercializes Chateau Cheval Blanc, and 50 percent of La Tour du Pin, owner of the Chateau Quinault l'Enclos estate.
 
No financial details were disclosed for the two transactions, which were carried out with unit of Groupe Arnault, the holding company of LVMH's chief executive Bernard Arnault.

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