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LVMH to acquire 60% stake in Colgin Cellars

DBR Staff Writer Published 22 November 2017

LVMH Group is acquiring 60% stake in Napa Valley, California-based wine estate Colgin Cellars for an undisclosed amount.

As per the acquisition agreement, the founders of Colgin Cellars, Ann Colgin and Joe Wender will retain the remaining 40% of the stake.

They will also maintain their present roles in Colgin Cellars. Other continuing personnel at the wine-making business will include the chief operating officer Paul Roberts and winemaker Allison Tauziet.

The winery was founded 25 years ago in Napa Valley and has introduced four wines including ‘Tychson Hill’ Cabernet Sauvignon, ‘Cariad’ Napa Valley Red Wine, ‘IX Estate’ Napa Valley Red Wine and ‘IX Estate’ Syrah.

The founders also stated that the recent wild fires in the state did not touch their estate, which is located in the Pritchard Hill area of the valley.

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.”

The multinational luxury goods-maker also stated the winery, since its inception has been offering ultra-premium, limited production wines, which have consistently received higher rating from several industry sources. The wines are sold through an exclusive client list. They are also distributed to high-end restaurants and retailers in the US and to more than thirty countries across the world.

Ann Colgin said: “After a social introduction to Mr. Arnault several months ago and discussions with the LVMH team, I realized that I could not find a better partner for Colgin Cellars to preserve our founding spirit and our exquisitely handcrafted red wines, into the future.

“We are happy to join the LVMH Group to continue to offer our loyal customers the unique and high-end experiences we’ve been creating for them, for over a quarter of a century.”

Image: The estate was untouched by the recent wild fires in the region. Photo: Courtesy of LVMH.