FRANCE: Champ Dong Créations Industries snaps up Domaine Bouche
French-Chinese trader Champ Dong Créations Industries has acquired the Domaine Bouche estate in the south-east of France.
The Bouche vineyards, which produce Côtes du Rhône wines, have been sold by Dominique Bouche, whose family have been wine-makers since 1703. Ms Bouche will remain at the head of the estate.
Reports valuing the transaction at just under EUR2m (US$2.6m) could not be confirmed.
Situated in Camaret-sur-Aigues, in the Vaucluse département, the estate has an annual output of between 120,000 and 150,000 bottles of mid-range red and rosé wines under the Côtes du Rhône Villages, Plan de Dieu and Châteauneuf du Pape appellations,
Until now, investors from China targeting the French wine industry have tended to focus on Bordeaux estates but a recent deal saw the Château de Gevrey-Chambertin in Burgundy sold to a Chinese businessman.
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