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Billionaire Pinault Expands Wine Business With Henriot Champagne Deal

Francois Pinault poses at Chateau Latour in Pauillac, France.
Francois Pinault poses at Chateau Latour in Pauillac, France.

Photographer: Luc Castel/Getty Images 

Francois Pinault’s wine business is bringing in Maisons & Domaines Henriot in a deal that combines Chateau Latour with well-known Burgundy and Champagne producers and adds to French billionaires’ growing presence in the country’s vineyards.

The new group will adopt the name Artemis Domaines, which currently houses Pinault’s wine business. The founder of the Kering SA luxury conglomerate will own three-quarters, according to a spokeswoman, with the remainder controlled by the families behind Henriot. Other financial details weren’t disclosed.