FRANCE: Legrand Filles et Fils acquired by Japanese investor
Japanese businessman Amane Nakashima has acquired a majority stake in the parent company of French wine retailer and trader Legrand Filles et Fils.
Nakashima has paid around EUR16m (US$20.9m) for a stake of close to 80% in Everget, which also owns rare wines specialist Vines Rares Peter Thustrup, it was announced this week. The stake is held by Christian de Chateauvieux, while current CEO Gérard Sibourd-Baudry will retain his 20% holding and will continue in his post.
Everget said that the group “had been looking for a strategic partner in order to pursue its development, notably in Asia.”
Nakashima belongs to the family who founded Japanese food group Nakashimato. He already distributes French wines in Japan and owns a small vineyard in New Zealand.
Everget's international sales account for 80% of the group's annual turnover of EUR25m (US$32.6m).
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