Napa's Colgin Cellars Sells Majority Stake to French Luxury Titan LVMH

November 23, 2017

Bernard Arnault's Moët Hennessy Louis Vuitton group adds a Napa cult Cabernet star to their growing luxury-wine portfolio.

Colgin owners Ann Colgin and her husband, Joe Wender, have agreed to sell 60 percent of their Napa Valley winery to French luxury conglomerate LVMH. The deal includes the brand, the winery and its 26 acres of vineyards. Colgin and Wender will stay on in leadership roles, as will COO Paul Roberts, and winemaker Allison Tauziet will continue to make the wines. The sale price was not disclosed.

"Their ethos of luxury and spirit of entrepreneurship resonated with us," Colgin told Wine Spectator. "Their track record of championing hand-crafted products and showcasing them to the world made us confident that a partnership would preserve the quality of our wines and the spirit of excellence that has inspired us for the past quarter-century."

Founded by Ann and her then-husband, Fred Schrader, in 1992, Colgin has become one of Napa's cult classics, with limited-production Cabernet Sauvignons and a Syrah that command prices exceeding $500 per bottle and sell exclusively to mailing-list members and high-end restaurants and retailers. Its wines regularly earn outstanding to classic ratings from Wine Spectator. Total annual production is approximately 4,000 cases.

Continue reading: Wine Spectator





Also in News

Rare Wine Auctions Set New Records in the First Half of 2018
Rare Wine Auctions Set New Records in the First Half of 2018

July 24, 2018

Feverish demand for Burgundy and renewed interest in Port marked sales from New York to Hong Kong.

Continue Reading

What Makes Grand Cru Great
What Makes Grand Cru Great

July 19, 2018

Grand cru is usually translated to "great growth", though the long-winded "(product of) a great growing site" gives a clearer understanding of the meaning. Cru is the past participle of the verb croître, to grow. However, what this term means in practice in the French wine industry varies by region.

Continue Reading

Single bottle of Penfolds 1951 Grange sells for Australian wine high of $78,000 at auction
Single bottle of Penfolds 1951 Grange sells for Australian wine high of $78,000 at auction

June 25, 2018

IT’S the single most-expensive bottle of Australian wine ever sold and of course, it’s from one of the best winery regions in the world — South Australia.

A SINGLE bottle of the revered first vintage of Penfolds Grange, has smashed the record price paid for a bottle of Australian wine. 

Continue Reading