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LVMH: acquires Colgin Cellars.

(CercleFinance.com) - LVMH has announced that Colgin Cellars, an estate in Napa Valley, will soon join LVMH's vineyards.

Colgin Cellars' wines, whose success has been built on ultra-premium wines that are produced in small quantities, are regularly listed amongst the best in world rankings.

They are sold primarily to a very exclusive list of customers and distributed to some upmarket restaurants, as well as to selective resellers, in the United States and in over thirty countries worldwide.

Bernard Arnault, LVMH's chairman and CEO said, "I am therefore delighted to welcome Colgin's unique heritage into LVMH, reaffirming our strategy of selective acquisition of the best existing terroirs, and enriching our collection of iconic wines such as Château Cheval Blanc, Château d'Yquem or Domaine du Clos des Lambrays."

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