The investment arm of LVMH, owner of Moet & Chandon champagne and Hennesy brandy, has made the group's first move into soft drinksby buying a stake in the New York bottled water company Energy Brands.

The company markets the Glaceau Water brand of nutrient enhanced bottled waters, including Glaceau Smartwater, Glaceau Vitaminwater, Glaceau Fruitwater, Glaceau Wellnesswater and Glaceau Soywater.