News
LVMH Acquires First Burgundy Vineyard Clos des Lambrays
LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury goods company, bought the Clos des Lambrays vineyard to expand into Burgundy, adding to its holdings in Bordeaux, Champagne and the New World.
The acquisition, for which no price was disclosed, is for an 8.66 hectare (21.4 acre) vineyard which produces Clos des Lambrays Grand Cru red wine, a ranking classifying it among...