LVMH Buys Into Luxury Rosé Wine

LVMH's wine and spirit unit, Moët Hennessy, has said that it has acquired a 55% stake in Chateau d'Esclans, a rosé wine producer in the Var region of south-east France.

"Chateau d'Esclans, the leading Provence rosé in the American market, joins Moët Hennessy's portfolio of wines and spirits," the company said in a statement.

Chateau D'Esclans Estate

Chateau d'Esclans estate stretches across 267 hectares, 74 of which are planted with AOP Cotes de Provence vineyards, which would be extended by 60 hectares.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.