Speculation on Diageo and Foster’s Resurfaces

Dear Client:The Australian and British press are at it again. Speculation swirled over the weekend that LVMH could sell Moët Hennessy to Diageo, although the French company has denied interest in the past. Recall that Diageo already holds a 34% stake in the company.It appears that a new acquisition by LVMH reignited the rumor last week. The company bought a 50% stake in St-Emilion's Château Cheval Blanc and the company La Tour du Pin, owner of the Chateau Quinault l'Enclos