News

FRANCE: LVMH sells Pommery to Vranken

Most popular

Is craft spirits approaching a reset moment?

'Healthy alcohol - the trend to watch in 2019?

The beer category in 2018 - Review

The beer category in 2019 - just-drinks predicts

MORE

French-based luxury goods producer LVMH has sold its Pommery Champagne brand to the Vranken Monopole group, for a price believed to be between €150m and €180m (US$134-161m). The deal will see the Pommery brand, its site in Reims, its cellars, its Champagne stock and its supply contract pass on to Vranken. However, LVMH will retain the vast majority of the Pommery vineyards, which LVMH called a "strategic asset for the group", in a statement issued yesterday.


Related Content

This week in spirits & wine, featuring Irish whiskey's battle against time, Sazerac's barrel shortage warning and preparing for a Vranken-Pommery Cordoniu bunk-up?

This week in spirits & wine, featuring Irish whiskey's battle against time, Sazerac's barrel shortag...

Moet Hennessy not in play for Diageo, despite LVMH Christian Dior purchase

Moet Hennessy not in play for Diageo, despite LVMH Christian Dior purchase...

FREE TO READ - just-drinks' Mergers & Acquisitions database - June 2018

FREE TO READ - just-drinks' Mergers & Acquisitions database - June 2018...

France - International Wine Challenge 2016 gold medal winners

France - International Wine Challenge 2016 gold medal winners...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?