Millennium owns a controlling stake in the Polish spirits producer, Zyrardow Distillery, located near Warsaw, and also owns the exclusive worldwide rights to two premium vodka brands, Belvedere and Chopin.
LVMH’s wines and spirits division, Moet Hennessy, will add the Belvedere and Chopin brands to its portfolio and distribute both brands outside the US.
US: LVMH to acquire 40% stake in Millennium
The French drinks and luxury goods group, LVMH, has reached an agreement to acquire a 40% stake in the US spirits importer, Millennium Import Company, part of the Minneapolis-based Phillips Beverage Company.
July 22, 2002