LVMH Moët Hennessy Louis Vuitton, the world's leading luxury products group, announces the launch of a recommended public offer through its subsidiary Moët Hennessy to the shareholders of Glenmorangie plc. Moët Hennessy comprises the Wines and Spirits activities of LVMH and includes such notable brands as Moët & Chandon, Dom Pérignon, Krug, Veuve Clicquot and Hennessy.
Glenmorangie is the producer of one of the best Scottish single malt whiskies. Founded in 1893, the company distils Pure Malt whiskies Glenmorangie, Ardbeg and Glen Moray.
This acquisition corresponds to Moët Hennessy's strategy of developing super premium wine and spirits.
Christophe Navarre, President of Moët Hennessy, comments: « Glenmorangie is a fine whisky, a growing brand and a strong company. It will be a fitting companion for Moët & Chandon, Hennessy and our other prestige brands. We look forward to a prosperous future together.»
The launch of the offer is expected to take place in November.
