La Martiniquaise parent firm buys on-line wine trader

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The Compagnie Financière Européenne de Prises de Participation (COFEPP), which owns French spirits group La Martiniquaise, has extended its footprint in the wine retail segment with the acquisition of for an undisclosed sum.

The mid-range on-line trader, which posted sales in 2013 of EUR12m (US$14.9m), has been acquired from 50:50 joint owners Moët Hennessy and Millésima, part of Bordeaux-based wine group, Bernard.

Millésima, which specialises in the on-line trade for Bordeaux grands crus, confirmed the sale to just-drinks but did not elaborate further.

Nobody was immediately available for comment at COFEPP.

The current head of, Bernard Le Marois, will continue at the helm and has taken a minority stake in the company.

COFEPP is already a shareholder in Le Repaire de Bacchus, a chain of close to 40 wine shops located in Paris and its suburbs. 

La Martiniquaise is France's second largest spirits group, with brands such as Scotch whisky Label 5, Cruz Port and Poliakov vodka. The company opened a new production for Cruz in July this year. 

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