French Champagne Industry threatened by UB takeover

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The Guardian is reporting that a bid by India’s United Breweries to take over the French champagne group Taittinger has sparked concern among wine professionals in the company’s home region in Northern France. The $660-million bid is seen as a threat to the French system of locality-based appellations for wine. The UB Group is the world’s third largest spirit producer with ownership of Kingfisher beer. Taittinger is the world’s ninth champagne producer, with 4.5 million bottles sold per year, 62,5% of them outside France.

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