Barely weeks after having to rescind its bid for Taittinger Champagne, India's UB Group has acquired Bouvet-Ladubay from U.S hotel group Starwood Capital. The price was apparently more than the $15 million that has been quoted in the press.

Bouvet-Ladubay produces sparkling wine brands such as Saphir and Trésor and is based in the Saumur region of the Loire. UB Chairman Vijay Mallya said that he plans to use the acquisition to import high-quality premium wines into the Indian market and to gain access to state of the art winemaking technology. It looks like the Indian consumer is going to have even more top quality wine in the near future.