Campari sells Château de Sancerre winery for €20.5m

Gruppo Campari has sold its Château de Sancerre winery for €20.5 million, completing its exit from the still wine business.

The group confirmed this morning that it sold the last remaining part of its still wine business to Maison Ackerman, the wine division of Terrena, a France-based company with diversified interests in the agriculture industry, for €20.5m.

Founded in 1919 by Louis-Alexandre Marnier Lapostolle, the creator of Grand Marnier liqueur, the Château de Sancerre estate comprises 55 hectares of vineyards and a portfolio of wines from the Loire Valley in France. It was acquired by Gruppo Campari followings its acquisition of Grand Marnier in June 2016. During the financial year ending 31 December 2016, the Château de Sancerre winery achieved total sales of € 3.5m.

Its sale to Maison Ackerman includes its brand, as well as its buildings, vineyards, vinification, production plants and inventory.

“With the disposal of the Sancerre winery, which follows the sale of the Italian and the Chilean still wine businesses, finalised over the last year, Gruppo Campari fully exits the still wine business, thus continuing to streamline its non-core activities and increasing its focus on the core spirits business,” said Bob Kunze-Concewitz, chief executive officer of Gruppo Campari. “Since the beginning of 2016 we have divested non-core assets for a total value of approximately € 117 million.”

The sale of its Sancerre estate follows its disposal of the Lapostolle winery in Chile, which it sold back to its founder earlier this year for €30 million, and the sale of its Sardinian wine estate Azienda Vinicola Tenute Sella & Mosca and Tuscan estate Teruzzi & Puthod to the Terra Moretti group for €62 million in 2016.

Cementing its commitments to the spirits sector, earlier this year the group bought London Dry gin brand Bulldog for £46.8m to strengthen its premium position in the on-trade.

Its other spirits brands include Aperol, Appleton Estate rum, Campari, SKYY vodka, Wild Turkey bourbon and Grand Marnier liqueur.

Leave a Reply

Your email address will not be published.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

Subscribe to our newsletters

Partner Manager - Manged On-Trade

Maverick Drinks
London, UK

Brand Manager

Hatch Mansfield
Ascot, Berkshire

Digital Co-ordinator

Alliance Wine
London, UK

Head of Sales

IWSC
London, UK

Logistic and Fullfilment - Whisky (and wine) administrator

Stilnovisti Ltd
London, United Kingdom // Dufftown, Keith, United Kingdom

Account Manager

Harviestoun Brewery
Field Based, UK

Buyer - Spain & South America

Enotria&Coe
London, UK

Events Sales Manager

Enotria&Coe
Field based - London or surrounding area

Sales Director Europe

Mirabeau Wine
Europe

Argentina Breaking New Ground Masterclass Series

Manchester,United Kingdom
16th Oct 2018

Argentina Breaking New Ground Masterclass Series

Leeds,United Kingdom
17th Oct 2018

Argentina Breaking New Ground Masterclass Series

Edinburgh,United Kingdom
18th Oct 2018
Click to view more

The Global Sauvignon Blanc Masters 2018

Deadline : 15th October 2018

Global Chardonnay Masters 2018

Deadline : 17th October 2018

Click to view more

The Global Sparkling Masters 2018

As with all of the drinks business awards, our judging panel is comprised of Masters of Wine, Master Sommeliers and senior buyers making the competition globally renowned.

Champagne Masters 2018

Enter your wines into the Champagne Masters 2018, the only blind competition dedicated to Champagne in the UK.

Click to view more