IT’S OFFICIAL: UB GAINS BOUVET
India’s UB Group has purchased former Taittinger subsidiary Bouvet-Ladubay from U.S. hotel group Starwood Capital for an undisclosed sum. Starwood said the final price was more than the $15m commonly repeated by the media.
Unlike the bidding war for Taittinger, the Bouvet-Ladubay sale was given over happily by the French who hold little reserve toward foreign ownership within the wine industry.
The deal will allow UB’s spirits subsidiary, United Spirits Ltd, to get into premium wines, sources said.
UB plans to import Bouvet-Ladubay's range of wines with the acquisition, and use its technology to develop their wineries.
Unlike the bidding war for Taittinger, the Bouvet-Ladubay sale was given over happily by the French who hold little reserve toward foreign ownership within the wine industry.
The deal will allow UB’s spirits subsidiary, United Spirits Ltd, to get into premium wines, sources said.
UB plans to import Bouvet-Ladubay's range of wines with the acquisition, and use its technology to develop their wineries.
posted at 1:17 PM
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