FRANCE: Chinese owners up presence in Bordeaux with estate purchase
Another Bordeaux wine estate has fallen under Chinese ownership with architect Wengcheng Li acquiring the Château La Fleur Jonquet, located in the Graves growing area, on the left bank of the Garonne river.
The estate, situated at Arbanats et Portets, has been sold by Laurence Lataste who has owned it since 1986. Speaking to just-drinks earlier today (14 May), Lataste declined to comment on the value of the transaction.
The estate boasts 9 hectares of vineyards, producing around 50,000 bottles of wine annually, with 75% of production exported.
Wengcheng Li already owns two Bordeaux estates - the Dominante at Saint-Denis de Pile (Bordeaux Supérieur) and Lucas at Castillon-la-Bataille (Côtes de Castillon).
Chinese investors have acquired around 30 Bordeaux estates over the past five to six years.
- Cannabis – A clear and present danger to alcohol
- Is Irish whiskey ready to recognise its potential?
- Interview - Bernstein analyst Trevor Stirling
- Global Travel Retail - What is the Grey Market?
- The European beer market - Focus
- Diageo appoints first programmatic marketing head
- Corporate Relations Director to leave Diageo
- Bacardi names new global communications head
- Diageo strike threat postponed with fresh vote
- Pernod Ricard pairs Usain Bolt with Mumm Champagne