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LVMH buys majority stake in Napa Valley’s Colgin Cellars
French luxury goods company LVMH Group, whose brands include Louis Vuitton and Dom Perignon, has made another play in Napa Valley fine wine with the acquisition of a majority stake in Colgin Cellars.
Ann Colgin and her husband, Joe Wender, sold 60 percent equity in the St. Helena winery she started in 1992, Paris-based LVMH announced Nov. 21. The couple will keep 40 percent ownersh...