LVMH buys California wine giant Joseph Phelps as high-end drinks market soars

  • 📰 CNBC
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The deal delivers Moet one of the best-known California wine makers, famous for its red table wines and trophy Insignia label.

Moet Hennessy CEO Philippe Schaus told CNBC demand in Europe is "on fire" thanks in part to the return of European tourism.A winemaker samples a glass of Joseph Phelps Insignia at the Culinary Institute of America, in St. Helena, Calif.Moet Hennessy division on Wednesday announced it has acquired California wine-maker Joseph Phelps Vineyards, as the French luxury goods giant continues to broaden its drinks portfolio.

"It's an iconic name and an iconic winery," he said. "It's important for us that we are acquiring a family with a legacy and heritage. It's super important that we keep that heritage." Schaus said Moet Hennessy aims to serve "all the different moments of consumption" — from aperitifs, champagne and fine dining wines to bars, clubs and cocktails. The company's Cloudy Bay brand covers white wines, and its Whispering Angel line offers rose, but Schaus said, "we were missing a strong red wine."

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Why the plummeting homebuying market could spell disaster for rentersThe consequences of rising mortgage rates might affect even those outside the home buying market. Meh. Mostly quotes one Redfin agent for info and we all know how much Redfin/Zillow etc has been doing to manipulate the cost of homes…
Källa: SFGate - 🏆 534. / 51 Läs mer »

Bank of America clients sold last week’s stock-market rally while buying ETFsBank of America clients sold the stock-market rally last week but were buying exchange-traded funds across styles in a tough year for equities, according to...
Källa: MarketWatch - 🏆 3. / 97 Läs mer »