Wine: Where wealth and wine collide

The world's richest individuals reveal their ambitions and desires to us ordinary mortals by making their mark on the wine industry, writes Tomás Clancy.

24th March, 2013
The Château Cheval Blanc. Photo: AP

Last week saw the death of Henri Krug, one of the final members of the Krug family to have run Champagne Krug. The Champagne house was purchased by the luxury goods conglomerate LVMH in 1999. However, the movement of Champagne Krug from a Champagne maker to a bespoke luxury goods manufacturer was a slow one.

In the late 1960s, Krug entered into a complex arrangement with Remy-Cointreau, whereby the Champagne house was run in an autonomous...

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