LVMH buys first Burgundy vineyard

15th April, 2014 by Lauren Eads

Luxury goods giant, LVMH, has acquired its first Burgundy vineyard having bought the 14th century Clos des Lambrays.

Clos des LambraysClos des Lambrays, located near the village of Morey-Saint-Denis, is one of the oldest vineyards in Burgundy and the “largest grand cru of the Côte de Nuits region”, according to LVMH, covering 8.66 hectares.

The Domaine also produces Morey-Saint-Denis premier cru, Puligny Montrachet premier cru “Clos du Cailleret” and premier cru “Les Folatières” white wines.

The deal, which was sealed for an undisclosed sum, sees Louis Vuitton Moët Hennessy (LVMH) expand its portfolio of vineyards in Bordeaux, Champagne and the New World.

A spokesperson for LVMH said: “The passion, savoir-faire and constant pursuit of outstanding quality, in the service of an exceptional terroir, places the wines of Clos des Lambrays among the best in Burgundy.

“In accordance with the traditions and customs of Burgundy wine making, LVMH will ensure the future sustainability of the estate, which will continue to be led by Thierry Brouin, its chief winemaker for the last 35 years.”

The Clos des Lambrays vineyard, which makes about 35,000 bottles a year with an average retail price of €120 a bottle, can trace its winemaking heritage to 1365 when it was cited in the deeds of Citeaux Abbey, according to the vineyard’s website.

Elsewhere in France LVMH has a stake in Château Cheval Blanc in Bordeaux’s Saint-Emilion region, and owns Sauternes estate Château d’Yquem.

LVMH’s founder and chief executive officer, Bernard Arnault, is France’s richest person with a net worth of $34 billion, according to Forbes’ rich list.

The conglomerate’s 60-strong portfolio includes high-end brands including Dom Pérignon, Bulgari, Louis Vuitton, Krug, Veuve Clicquot, Moët et Chandon and Hennessy Cognac.

 

No Responses to “LVMH buys first Burgundy vineyard”

  1. billnanson says:

    and the largest grand cru of the Côte de Nuits region…

    I don’t think so…

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters

Job vacancies

Administrative Assistant

Swig Wines Ltd
Chiswick, London, UK

HR Manager

Amathus Drinks PLC
London, UK

Senior Sales Manager

Haynes Hanson & Clark
Gloucestershire, GB

Customer Services Administrator

Speciality Drinks Ltd
London, UK

National Business Development Manager

Speciality Drinks Group
London, UK

Inventory Analyst

Bibendum PLB
London, UK

Events Executive - Atom Supplies

ATOM Supplies Limited
London, UK

Off-Trade Sales Account Executive

Domaine Direct
Nationwide, working from a combination of home & London office.

Sales Executive/Brand Ambassador

Glenfarclas
Ballindalloch, Speyside, UK

Client Manager

Noble Rot
Wandsworth, London, GB

Spirits Investment Director

Stilnovisti
London, UK

Junior Brand Manager

Enotria Winecellars
Park Royal, London, UK

Content & Digital Assistant

ABVGlobal
London, UK

Sales Manager

Cellar Trends
London, UK

Editorial Assistant

Wine List Confidential
London, UK

Champagne Masters 2017

Deadline : 7th July 2017

The Global Sparkling Masters 2017

Deadline : 10th July 2017

The Global Malbec Masters 2017

Deadline : 10th July 2017

The Global Syrah Masters 2017

Deadline : 18th July 2017

Click to view more

The Drinks Business Awards 2017

Now in its 15th year, the db awards have become the most authoritative, internationally respected badge of achievement in the alcoholic drinks industry.

The Asian Cabernet Sauvignon Masters 2017

the drinks business Hong Kong announces its first year of The Asian Cabernet Sauvignon Masters.

Rioja Masters 2016

Now in its fifth year, the competition will recognise and reward the finest Riojas on the world stage.

Fortified Masters 2016

Now in its third year, The Fortified Masters will reward the best fortified wines on offer.

Click to view more