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Taittinger sold to the US but the champagne returns to France?

>> Monday, August 15, 2005

The family owned group Taittinger was finally sold to the American investment company Starwood in a deal worth €2.8 bn. The group includes, in addition to the champagne house, several luxury hotels and the exclusive crystal manufacturer Baccarat. But now it seems that the champagne might return to France and to the hand of the Taittinger family in cooperation with the bank Credit Agricole, which seems logical since Starwood is much more focussed on hotels (it owns Sheraton). The price tag? Supposedly around €450 million.

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