Most people buy a few bottles of bubbly for Christmas; Bernard Arnault has bought himself another champagne brand !

The Moet Hennessy wines and spirits unit of LVMH, the world’s biggest luxury goods group, has bought the Montaudon champagne house for an undisclosed amount, LVMH said on Friday.

The acquisition brings to eight, the number of top-level champagne labels in the stable of LVMH. Montaudon will team up with LVMH’s existing portfolio of champagne brands: Dom Perignon, Moet & Chandon, Veuve Clicquot, Ponsardin, Krug, Ruinart and Mercier.