LVMH buys rosé producer Chateau du Galoupet

Luxury group LVMH has joined the rosé bandwagon with the purchase of Chateau du Galoupet in the south of France.

 

It is the first time the group, which owns Champagnes Veuve Clicquot and Dom Pérignon as well as Hennessy Cognac, has bought a winery specialising in Provence rosé.

Chateau du Galoupet, a winery in France’s Provence region dating back to the 17th Century, covers 68 hectares of vineyards, mainly producing rosé wine.

LVMH’s portfolio of wine and spirits labels have driven strong sales growth in recent years. It reported a 10% increase in revenue across in 2018 reaching €46.8 billion, with its wine and spirits division contributing €5.1 billion.

The luxury goods group, which is the largest of its kind in the world, bought a controlling share of cult Napa estate, Colgin Cellars, in November 2017, already owning the Newton Vineyard wine estate, which is based in St. Helena.

According to a recent report jointly published by FranceAgriMer and the Interprofessional Council of Vins de Provence, global still rosé wine consumption has grown steadily for the past 15 years (+28% between 2002 and 2017).

Leave a Reply

Your email address will not be published.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

Please note that comments are subject to our posting guidelines in accordance with the Defamation Act 2013. Posts containing swear words, discrimination, offensive language and libellous or defamatory comments will not be approved.

We encourage debate in the comments section and always welcome feedback, but if you spot something you don't think is right, we ask that you leave an accurate email address so we can get back to you if we need to.

Subscribe to our newsletters

Champagne Masters 2019

Deadline : 27th September 2019

The Global Grenache Masters 2019

Deadline : 30th September 2019

Click to view more

The Prosecco Masters 2019

View Results

The Global Rosé Masters 2019

View Results

Click to view more