U.S. Markets close in 10 mins

Moët Hennessy Acquires Château du Galoupet, Côtes-de-Provence, Cru Classé Since 1955

Côtes-de-Provence

PARIS, May 20, 2019 /PRNewswire/ -- Moët Hennessy has entered into a definitive agreement to purchase Château du Galoupet, Cru Classé in the Côtes-de-Provence. The transaction is expected to be completed in the second half of 2019.

Château du Galoupet

Located along the coast in La Londe-les-Maures, Château du Galoupet enjoys an exceptional setting against the Salins islands of Porquerolles, Port Cros and Le Levant.

The estate, already recognized and referenced at the end of the 17th century, benefits from a micro-climate which refreshes the vines with temperate and salty winds and is conducive to elegant wines and consistent yields. Cru classé since 1955, the vineyard spans exceptional land with diverse soils. The 68 hectares of vines are located within a single block and produce three categories of wines: rosé (90%), red (5%), white (5%). The vines have an average age of 25 years, assuring wines of character and structure.

In response to growing demand in France and around the world, Château du Galoupet offers a renowned rosé wine, combining ancestral methods and technical precision, adhering to the strict requirements of the fine wines of Provence.

All the Chateau's wines have won awards from guidebooks or international competitions. Moët Hennessy will share its expertise in winemaking to further the commitment to quality and international exposure.

Finally, Moët Hennessy aims to enhance the 89 unplanted hectares, respecting the extraordinary preserved environment and offering a natural foreground.

Moët Hennessy, leader of luxury wines and spirits, is proud to share its expertise in the development of the domaine and to add a Cru Classé de Provence to its portfolio, its first rosé wine.

About Moët Hennessy

Moët Hennessy is the wine and spirits division of LVMH, the world's leading luxury products group. Moët Hennessy, the largest luxury wine and spirits company in the world, encompasses 21 prestigious brands internationally renowned for the richness of their land, the quality of their products and the expertise with which they are crafted:

Hennessy, Moët & Chandon, Veuve Clicquot, Dom Pérignon, Ruinart, Krug, Mercier, Belvedere, Glenmorangie, Ardbeg, Chandon, Newton, Cheval des Andes, Terrazas de los Andes, Cloudy Bay, Cape Mentelle, Numanthia, Ao Yun, Volcan De Mi Tierra, Woodinville Whiskey Company & Clos19.

Château du Galoupet
Château du Galoupet
Moët Hennessy (PRNewsfoto/Moët Hennessy)
Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/moet-hennessy-acquires-chateau-du-galoupet-cotes-de-provence-cru-classe-since-1955-300852875.html