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Moet Hennessy completes Glenmorangie offerMoet Hennessy completes Glenmorangie offer
Gavin Lipsith
11-Jan-2005
LVMH's drinks business acquires the famous Scotch brand and its accompanying portfolio
LVMH Moët Hennessy?Louis Vuitton has announced the completion of its offer launched in November 2004 for Glenmorangie's malt whisky portfolio. As well as its eponymous brand, The Glenmorangie Group owns two other malts: Glen Moray and Ardbeg.
Moët Hennessy president Christophe Navarre said: We are delighted to have acquired this wonderful company, with talented management and a proven track record in this high-growth sector of the market. We look forward to harnessing our excellent distribution network to accelerate Glenmorangie's potential."
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(21-Oct-2004) - LVMH Moët Hennessy Louis Vuitton is to purchase Glenmorangie for about £300m ($540m)
(1-Feb-2005) - As revealed on RavenFox.com (January 11 2004), luxury goods group LVMH Moët Hennessey-Louis Vuitton's £300m bid for Scotch whisky producer Glenmorangie has cleared its final hurdle
(1-Nov-2004) - Luxury goods group LVMH's drinks division Moët Hennessy purchased Glenmorangie, the fourth largest manufacturer of malt whisky, for £300m ($552m) last month
(15-Mar-2005) - LVMH Moët Hennessy-Louis Vuitton has created a new sales and marketing division, Moët Hennessy USA, which has assumed the responsibilities and functions of its three existing US distributors Schieffelin & Co, Clicquot and Millennium Import
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