Bordeaux: Louis Roederer, the Champagne producer consolidates its control over the Negociant Descaves.

Friday January 24 2014 by Vitisphere

In 1999, following the death of Jeanne Descaves who had run the firm since 1968, the Bordeaux Negociant Descaves was jointly bought by Louis Roederer (51%) and the Bordeaux Negociant Duclos (49%).

This is “friendly deal” which sees Louis Roederer (run by Frederic Rouzaud ranked #64 in the weekly magazine Challenges’ Rich List) buy most of  the shares owned by the Moueix family (owner of Duclot since 1956 via its Videlot Holding).

Specialised in the distribution and warehousing of Bordeaux Wines, Descaves’ main asset is a large array of vintages dating back to 1875.

Descaves’ 2012 turnover stands at 39m euros (99% from Bordeaux and 95% made of “Grands Crus”. That same year, Louis Roederer (which also owns Deutz) sold Château Bernadotte (Cru Bourgeois - Haut-Médoc). In Bordeaux the Champagne house owns Château Pichon Longueville Comtesse de Lalande (Grand cru classé de Pauillac), Haut-Beauséjour et Pez (Saint – Estèphe).

 

[Source : Vitisphere ; Picture of Stéphane Héraud : Union des Côtes de Bordeaux]

LEAVE A COMMENT

Copy the code :
Processing
© Vitisphere 2020 - Tout droit réservé