Laurent-Perrier joins the growing number of French wine companies holding public stock offerings, though de Fleurian said that the de Nonancourt family will retain majority ownership of the Champagne house. The offering will be made to aid in the "development of the company and the brand." Citing securities regulations, he gave no other details. Reuters reported that the company hopes to raise about $32.5 million from the sale.
For more on Laurent-Perrier:
To learn about other recent French winery stock offerings:
To learn about recent U.S. winery stock offerings:
Sips & Tips | Wine & Healthy Living
Video Theater | Collecting & Auctions