USA: LVMH takes 60% stake in Colgin Cellars

LVMH, the high-end wine and spirits firm, has announced the acquisition of a 60% stake in California-based winery Colgin Cellars.

Founded by Ann Colgin in Napa Valley 25 years ago, Colgin Cellars is noted for wines such as Tychson Hill Cabernet Sauvignon, Cariad Napa Valley Red Wine, IX Estate Napa Valley Red Wine and IX Estate Syrah.

According to the company website, “Colgin Cellars produces exquisitely handcrafted red wines using only the finest neo-classical winemaking methods in concert with small yields, gentle handling, attentive sorting and meticulous blending”. The wines are said to be sold primarily through an exclusive client list and also distributed to high-end restaurants and retailers in the US, and over thirty countries globally.

Commenting on the acquisition, LVMH chairman and CEO Bernard Arnault said: “We share with Colgin Cellars the same desire to offer the very best quality products. I am therefore delighted to welcome Colgin’s unique heritage into LVMH, reaffirming our strategy of selective acquisition of the best existing terroirs, and enriching our collection of iconic wines such as Château Cheval Blanc, Château d’Yquem or Domaine du Clos des Lambrays”.

Source: LVMH (via PR NewsWire) / Colgin Cellars

 

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