Taittinger Heirs and French Bank Buy Champagne Firm

Mitch Frank
Issue: August 31, 2006

Taittinger family members once again control one of Champagne's oldest and most prestigious houses. French bank Crédit Agricole du Nord Est, aligned with several of the Taittinger family heirs, signed an agreement on May 31 to buy Taittinger Champagne from Starwood Capital Group, the American private-equity fund that purchased the Taittinger hotel and luxury goods empire last July.

For the full article, check out the new issue of Wine Spectator, on newsstands August 31, 2006.

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