LVMH Invests Even More in Provence

Since July this year Château de Galoupet, in Côtes de Provence La Londe, is part of Moët Hennessy, the Wines & Spirits division of LVMH. Some few days ago (Originally posted December 4) it was also announced that LVMH have bought 55% of the shares in Château d’Esclans, famous for producing the Whispering Angel rosé wine and the expensive Garrus rosé wine. So, these two Provencal estates are now in the same division as for example Château d’Yquem, Cheval Blanc, Krug, and Dom Pérignon.

Château d’Esclans, previously owned by Swedish Match, was purchased in 2006 by Sacha Lachine, originally from Château Prieuré-Lichine in Margaux, and he has made significant investments, and Cave/Château d’Esclans now produce about 7 million bottles per year where as much as 94% is exported to 105 countries where the US is the largest market.

In a joint-statement it is said that Sacha Lichine will run the estate in partnership with Moët Hennessy and they said that they plan to expand the vineyard area with another 60 hectares.

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