LVMH to Buy 60% of Napa Valley Winery Colgin Cellars
November 21 2017 - 8:54AM
Dow Jones News
By Alberto Delclaux
LVMH Moet Hennessy Louis Vuitton SE (MC.FR) said Tuesday that it
will buy a 60% stake of Colgin Cellars, a Napa Valley winery
focused on red wines.
Under the terms of the agreement, Colgin Cellars founder Ann
Colgin and her husband Joe Wender will preserve a 40% stake and
maintain their leadership functions, the French luxury company
said.
Financial details of the deal were not disclosed.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
November 21, 2017 08:39 ET (13:39 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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