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Moët-Hennessy to Produce Red Wine in China
Bubbly-maker Moët-Hennessy has invested in a vineyard in China that will produce red wine for the Chinese market. The luxury Champagne brand has been aggressively pursuing the Chinese market in recent years, having acquired a Chinese spirits brand five years ago. Last year, Moët-Hennessy also began production of a premium sparkling wine in the province of Ningxia Hui (NB: good luck pronouncing that!). The explosive growth of middle and upper classes in Chinese society has…