FRANCE. Moët Hennessy announced today the successful completion of its recommended offer, launched in November 2004, for Glenmorangie PLC, one of the world’s leading single malt whisky producers.
Moët Hennessy is the wines and spirits business of LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury group. LVMH now owns Glenmorangie which will be developed within the Moët Hennessy portfolio. The Glenmorangie Group also owns two other malt whisky brands: Glen Moray and Ardbeg.
Moët Hennessy President Christophe Navarre commented: “We are delighted to have acquired this wonderful company, with talented management and a proven track record in this high-growth sector of the market. We look forward to harnessing our excellent distribution network to accelerate Glenmorangie’s potential.”
Moët Hennessy’s portfolio comprises Hennessy cognac, Moët & Chandon, Dom Pérignon, Veuve Clicquot, Krug, Ruinart, Belvedere vodka and Château d’Yquem.
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LVMH Moët Hennessy Louis Vuitton moves in for Glenmorangie – 21/10/04
