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.
Go deeper with GlobalData
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
