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LVMH To Acquire KRUG Champagne
PARIS(BUSINESS WIRE)Jan. 21, 1999LVMH Moet Hennessy Louis Vuitton The Louis Vuitton Company (more commonly known simply as Louis Vuitton) is a luxury French fashion and leather goods brand and company, headquartered in Paris, France. market for overthecounter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : LVMHY), the Parisbased luxury products group, today announced that it has acquired KRUG champagne from the Remy Cointreau Group, through its subsidiary Moet Hennessy.
Founded in 1843, KRUG is an internationally renowned champagne brand that, along with Dom Perignon Dom Perignon
renowned vintage French champagne. [Western Cult.: Misc.]
See : Luxury , is only available in the exclusive "Cuvees de Prestige" sector of the market.
KRUG has strong development potential based on its expertise, the quality of its cellars,[url=http://nikefreetilbud.hcslnet.com]nike free run[/url], its 19 hectares of vineyards and the global distribution network of Moet Hennessy.
This investment completes the strategic portfolio of LVMH LVMH Mot HennessyLouis Vuitton (upscale retailer) in the Champagne sector, with a "Cuvee Cuve (or Cuvee on some English language labels) is a French term used on wine labels to denote wine of a specific blend or batch. The word originates from the French word cuve meaning "vat". de Prestige" of exceptional quality that will be marketed internationally through the Veuve Clicquot brand's distribution network. Dom Perignon, the other exceptional Cuvee of international renown, will continue for its part to be distributed through the Moet Chandon network.
Within the LVMH Group, the KRUG family will continue to actively manage the company.
The acquisition price of 1000 million francs ($177 million) will be earnings enhancing for the LVMH Group in 1999. A short winglike control surface projecting from the fuselage of an aircraft, such as a space shuttle, mounted forward of the main wing and Duchene, Dom Perignon, Moet Chandon, Ruinart, Mercier and Pommery, the LVMH Group now includes the most prestigious international champagne brands.
LVMH Moet Hennessy Louis Vuitton is the world's leading luxury products group. Its prestige brands include Dom Perignon, Moet Chandon, Veuve Clicquot, and Pommery champagnes; Hennessy and Hine cognacs; Louis Vuitton, Loewe, and Celine luggage, leather goods and accessories; Christian Dior, Givenchy, Kenzo, and Guerlain perfumes and cosmetics; Sephora, MarieJeanne Godard, and Le Bon Marche in selective retailing; Fred in jewelry; and Givenchy, Christian Lacroix, and Kenzo in couture and fashion. LVMH holds a 61.25% interest in DFS (Distributed File System) An enhancement to Windows NT/2000 and 95/98 that allows files scattered across multiple servers to be treated as a single group. With Dfs, a network administrator can build a hierarchical file system that spans the organization's LANs and , the world leader in luxury goods distribution.