LVMH Group to Launch Sparkling Wine
Search Business Opportunities
Oct, 17 2013

LVMH Group to Launch Sparkling Wine

Moet-Hennessy of LVMH group to launch first India-made sparkling wine.

Moet-Hennessy, French wine and spirits maker and an arm of French luxury group LVMH, will launch its first 'Made in India' sparkling wine soon. The company has entered into a short-term contract with Nashik-based York Winery and is setting up its own winery at Dindori in Nashik district. 

A Spokesperson at the company said, “We are under embargo from Paris to talk about the launch.”

Sparkling wine, used in India mostly during celebrations, constitutes less than ten per cent of the wine consumption in the country. But a growth in the affluent class is pushing up its demand, creating room for more labels besides Sula and Zampa. Overall wine consumption in India is growing at 15-20 per cent per annum.

Mr. Ravi Gurnani, Director, York Winery, said “Moet is using its facility on contract for making sparkling wine. Our contract with Moet is for a short term.”

The company is expected to begin crushing from its Indian winery from the 2014 grape crushing season, joining the list of foreign winemakers who are tapping the growing demand for international brands in India.
 

Comment
Related opportunities
  • Ice creams & Yogurt Parlors
    About Us Creamist-a venture of shaha food products is one of..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Bars, Pubs & Lounge
    About Us: TJ's Brew Works is a microbrewery, with freshly brewed..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Pharmacies
    About Us: Pharmatree is a successful brand promoted by industry experts..
    Locations looking for expansion Karnataka
    Establishment year 2007
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Quick Service Restaurants
    About New York Slice: Founded in 2011, We, New York Slice..
    Locations looking for expansion Haryana
    Establishment year 2011
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Faridabad Haryana
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities