Moët Hennessy, the wines and spirits business of Lvmh, the world's leading luxury products Group, announces the successful completion of the recommended offer, launched in November 2004, for Glenmorangie PLC, owner of some of the world's most acclaimed malt whisky brands.
LVMH now owns Glenmorangie which will be developed within Moët Hennessy, the world's leading premium wines and spirits business.
The Glenmorangie Group also owns two other celebrated malt whisky brands: Glen Moray and Ardbeg, known for their high quality products.
Christophe Navarre, president of Moët Hennessy, 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 comprises the most prestigious portfolio of wines and spirits brands in the world, including: Hennessy cognac, Moët & Chandon champagne, Dom Pérignon, Veuve Clicquot, Krug, Ruinart, Belvedere vodka and Château d'Yquem.