LVMH has recently expanded their wines and spirites division by purchasing a 55% stake of a 450 year old distillery in China, Wen Jun Distillery. Wen Jun is know for the fine white spirits it has produced for centuries and should be a great fit with the luxury wines of Moet Hennessey.
A 22% increase in the dividend based on 2006 was also announced showing the strength of this leading company in the luxury market.
Information for this posting came from the press releases section of www.lvmh.com.
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