French luxury group LVMH bags top Californian vineyard
French luxury group LVMH
Paris - AFP
French luxury group LVMH on Tuesday announced it was adding to its stock of fine wines and spirits by taking over Colgin Cellars, a deluxe vineyard in California's Napa Valley.
Current owners Ann Colgin and her husband Joe Wender will sell a 60 percent stake to the world's biggest luxury group, which counts Veuve Clicquot champagne and Hennessy cognac among its alcohol brands.
The deal values the estate at 100 million euros, a source close to the takeover said, while Colgin and Wender will maintain their leadership roles.
Colgin, a former wine consultant at Sotheby's, founded the vineyard in 1992. Its four red wines, which sell for up to $600 a bottle (511 euros) are sold to high-end stores and restaurants around the world.
LVMH chief executive Bernard Arnault welcomed the announcement, adding the acquisition was part of a strategy of "enriching our collection of iconic wines".
Source: AFP
GMT 07:17 2017 Saturday ,30 December
London stocks end year on record highGMT 11:11 2017 Tuesday ,28 November
Societe Generale shares climb after cost-cutting planGMT 09:37 2017 Sunday ,26 November
Bitcoin, an 'Uber' currency, not without riskGMT 07:25 2017 Sunday ,26 November
Bitcoin, an 'Uber' currency,not without riskGMT 23:13 2017 Tuesday ,21 November
Expansion of tuna quotas 'step backward' for conservation
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 19:20 2016 Tuesday ,06 September
Turkish Army Hits PKK Targets in Northern Iraq
GMT 09:12 2017 Tuesday ,14 February
Sterling rises to occasion,keeps Manchester City in title mix
GMT 21:00 2017 Wednesday ,13 September
Hingis, Murray win mixed title at US Open
GMT 13:19 2017 Thursday ,13 July
Dubai's Tanish makes a splash in India
GMT 14:21 2017 Tuesday ,07 March
Saudi banking sector’s monthly profits surge by 16%:
GMT 07:26 2017 Friday ,10 March
The creative mind of Emirati author Muna Al Mulla
GMT 17:30 2017 Wednesday ,18 October
ADWEA, Masdar discuss mutual co-operation, co-ordination
GMT 03:01 2017 Thursday ,05 October
Mist, fog and humidity to continue in UAE until Friday
GMT 01:39 2017 Tuesday ,10 January
36 ships transit Suez Canal
GMT 05:32 2017 Monday ,07 August
HM King issues three decrees Under the first decree
GMT 06:14 2017 Sunday ,02 July
Passenger plane falls to ground in huge fireball
GMT 09:10 2016 Sunday ,20 November
Philippine President Rodrigo Duterte meets 'hero' Putin
GMT 19:52 2012 Monday ,15 October
1.0-Litre ecoboost engine on sale
GMT 14:07 2016 Monday ,11 April
Malaysia's first sharia-compliant airline suspended
GMT 02:04 2017 Saturday ,14 January
King Abdullah hails UAE, Mohammad's roleGMT 08:06 2012 Tuesday ,01 May
Bashir accepts information minister\'s resignation
GMT 19:22 2016 Sunday ,02 October
Mufti: "Cairo document for Muslim communities abroad" to be issued at October conference
GMT 00:10 2017 Saturday ,18 February
UAE top cops explain risks of fake products
GMT 20:25 2017 Thursday ,04 May
Minister Visits Qatari Emiri Land ForcesGMT 13:29 2011 Wednesday ,15 June
GCC countries promising national strategiesGMT 07:37 2012 Tuesday ,03 January
Volks TV to launch in mid-March
GMT 19:29 2017 Tuesday ,11 July
Is it legal to share a flat in Dubai?
GMT 11:27 2017 Wednesday ,02 August
Ronaldo protests innocence after court appearance
GMT 04:20 2017 Thursday ,23 March
7 things that happen to your body when you stop drinking water
GMT 03:41 2015 Saturday ,18 April
Sisi sends delegate for condolenceGMT 10:57 2013 Friday ,01 February
Samaha to sing for love
GMT 05:17 2015 Saturday ,06 June
11 dead, 8 missing on Malaysian peak after quake
GMT 06:30 2017 Monday ,06 March
Israel issued 183 administrative denetion orders in 2017
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor