LVMH snaps up French champagne house Montaudon
PARIS Dec 12 (Reuters) - The Moet Hennessy wines and spirits unit of LVMH (LVMH.PA), the world's biggest luxury goods group, has bought the Montaudon champagne house for an undisclosed amount, LVMH said on Friday.
Montaudon, a family business founded in 1891, joins LVMH's portfolio of champagne brands, which include Dom Perignon, Moet & Chandon, Veuve Clicquot Ponsardin, Krug, Ruinart and Mercier.
Montaudon is a traditional champagne house producing highly regarded champagnes, LVMH said in a statement.
Montaudon champagnes are sold in France and in over 25 other countries. The company employs 29 people. LVMH did not disclose the amount of revenue generated by the business. (Reporting by Dominique Vidalon, editing by Will Waterman)