Champagne merger

Saturday 27 November 1993 19:02 EST

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Gosset, the oldest family business in Champagne, has been taken over by Renaud-Cointreau, another long-established family business and owner of the Frapin brand of Cognac. Gosset was known to have financial problems because it had accumulated stocks of more than 3 million bottles of champagne, nearly seven years' sales.

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Champagne merger

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