LVMH sells Indian winery

LVMH’s wine and spirits division is ending local production in India after more than a decade of making Chandon sparkling wine in the country. Sula Vineyards will acquire the Chandon winery as part of its expansion into wine tourism. Having expanded over the years to establish Chandon wineries in Argentina, California, Brazil, Australia and China, Moet Et Chandon, the LVMH wine and spirits division, is ending local wine production in India after more than a decade. This marks a change from the drive by global drinks groups to establish local production in India to appeal to the vastly growing segment of the population looking for quality drinks with an Indian stamp. In a statement, Sula Vineyards said it will acquire the Chandon India winery for 200 million rupees (approximately US$2.16 million) to strengthen its wine tourism expansion strategy. Located in Dindori, Nashik, the estate covers 19 acres and produces some 450,000 litres, expandable to 1.3 million litres. It also ...