Moet Chinese wine deal will 'educate' public
Moet Chinese wine deal will 'educate' public
May 16, 2011 6
Moet Hennessy has signed a joint venture deal with a Chinese company to make high-end sparkling wine on the Chinese mainland. The deal will expand the country’s wine market by educating the public and wine producers in sparkling wine, observers said.
Moet signed the deal earlier this month with state-owned agricultural company Ningxia Nongken to produce wine from a 67ha site in the northern region of Ningxia Hui.
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