Boisset looks to buy Alex Gambal's estate and business

Thursday July 18 2019 by Vitisphere

Alex Gambal’s estates have been managed since 2014 by Alexandre Brault, who was previously the technical advisor.Alex Gambal’s estates have been managed since 2014 by Alexandre Brault, who was previously the technical advisor. - Photo credit : Domaine Alex Gambal

Burgundy’s most Americanised group is looking to acquire one of the region’s most American trading businesses, whose founder is preparing to retire. Negotiations are expected to be completed in September.

The Boisset family announces that it has entered into exclusive negotiations to acquire Domaine Alex Gambal”, said a terse press statement, “subject to compliance with the customary regulatory provisions”. Burgundy’s Boisset, which has a strong US focus, is aiming to acquire the business and estate founded in Beaune (respectively in 1993 and 1997) by the American Alex Gambal who is preparing to retire. Negotiations are expected to be finalised in September.

12 hectares

Alex Gambal currently owns 12 hectares of certified organic vines in various Burgundy appellations (Auxey-Duresses, Meursault, Nuits-Saint-Georges, Pommard, Puligny-Montrachet, Saint-Romain, Volnay, Savigny-lès-Beaune...), and completes his supplies by buying from other producers in the Chassagne-Montrachet, Côte-de-Brouilly, Clos-Vougeot, Corton-Charlemagne, Gevrey-Chambertin, and Saint-Aubin appellations.

Marketed under the Alex Gambal brand name, the firm’s broad range of Côte de Beaune and Côte de Nuits wines is of great interest to Boisset. The group, which posted 310 million euros in turnover in 2018, hopes that at the end of the negotiations “Alex Gambal will continue to participate in the development of the estate alongside the Boisset family”.Alex Gambal’s estates have been managed since 2014 by Alexandre Brault, who was previously the technical advisor.

 

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