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FRANCE: LVMH acquires two New World wineries for Euro50m

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The French luxury goods company LVMH has expanded its wine portfolio buy acquiring a controlling stake in Newton Vineyard, in California, and MountAdam in South Australia. The purchases, amounting to Euro50m, have been made through LVMH subsidiary Veuve Cliquot Ponsardin who will also distribute the brands worldwide.


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