Moët Hennessy, the wine and spirits division of LVMH, is set to acquire a stake in Château d’Esclans, maker of Provence Rosé wine.

Under the deal, Alix AM, the partner of Sacha Lichine’s, will divest its entire 50% stake to Moët Hennessy, while Sacha Lichine gives up 5% of his shares.

As the primary stakeholder in the company, Moët Hennessy will work with Château d’Esclans president Sacha Lichine for the future development of the wine company.

Moët Hennessy CEO Philippe Schaus said: “We are very proud to partner with Château d’Esclans, the famous estate producing high-quality rosé wines in Southern France.

“Indeed, Sacha Lichine revolutionised the world of Provence Rosé wines and was the leading actor of their international development, displaying the soundness of vision of a man with strong convictions and values.

“Moët Hennessy will bring the full support of our worldwide teams to assist Sacha Lichine in continuing this wonderful journey.”

In 2006, Sacha Lichine acquired Château d’Esclans. Since its acquisition, the company has been producing rosé wines.

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Château d’Esclans president Sacha Lichine said: “I am thrilled by the alliance with Moët Hennessy and the ability, through the backing of this great group, to continue to develop the Château d’Esclans estate. Indeed, we will continue to please and delight our clients across the globe with our excellent Rosé de Provence wines.

“When I purchased Château d’Esclans in 2006, my aim was to produce a rosé wine in the spirit of the finest wines.”

Financial details of the deal are yet to be divulged by either company.