The Loire-based winemaker Domaine Huet has been sold to the US financier Anthony Hwang, according to a story from the international newswire service Agence France-Presse. The deal marks the first foreign investment in a wine property in the area.
The property includes a 35-hectare vineyard in Vouvray.
The majority holding has been purchased a year after the death of Gaston Huet. However Noel Pinguet – Huet’s son-in-law – will continue to run the estate.
Pinguet apparently sold the share because none of his children wanted to take over the property. “So I have been searching for a serious buyer over the last few years,” he told AFP.
“There were other potential buyers, but I felt they were more interested in depleting our cellar, stacked with old vintages dating back to 1875.”
“The Loire valley is always by-passed by foreign investors who prefer the better-known vineyards of Bordeaux or Burgundy and the sunnier slopes of the south of France,” he said.
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