Trending on LLNYC: Chanel now owns a vineyard, Chinese billionaire buys $48M diamond for his 7-year-old … & more

1. Louis Vuitton owns Moët. Prada picked up a pasticceria. And now, Chanel owns a Napa Valley vineyard.

2. A Chinese billionaire just bought the most expensive diamond in the world for his 7-year-old daughter.

3. Forget dealerships, you can now buy cars out of vending machines.