2023-09-30 09:38:30
By Le Figaro with AFP
Published 3 hours ago, Updated 3 hours ago
Artémis Domaines, the wine company of François Pinault, merged in October 2022 with the historic Maisons et Domaines Henriot. SERGI ALEXANDER / Getty Images via AFP
It was the cooperative giant Terroirs et Vignerons de Champagne which acquired the Reims house.
The cooperative giant Terroirs et Vignerons de Champagne (TEVC) has finalized the purchase of the Reims house Champagne Henriot from the wine company of billionaire François Pinault, Artémis Domaines, the two parties announced on Saturday. The acquisition takes place “in accordance with the conditions announced in spring 2023», when exclusive negotiations for this acquisition had been announced, indicate Artémis Domaines and TEVC in a joint press release, without giving further financial details on the transaction. “The acquisition covers the entire activity of Champagne Henriot, from operations to marketing, including brands and related distribution networks. The maintenance of know-how and skills will be guaranteed by the resumption of all employees», Specify the two parties.
Artémis Domaines merged in October 2022 with the historic Maisons et Domaines Henriot and decided to “refocus its activities», with a sale of Champagne Henriot. Terroirs et Vignerons de Champagne (TEVC), which notably owns the leading French market brand Nicolas Feuillatte, is for its part the first union of Champagne cooperatives in France, bringing together 6,000 winegrowers and more than 80 cooperatives, or nearly 10% of the vineyard. . “Welcoming Champagne Henriot within our entity will bring a new dimension, complementary to our portfolio of brands», Explained Christophe Juarez, general director of TEVC. “We will focus on promoting the brand’s unique DNA and values to unlock its growth potential in markets oriented towards luxury and traditional circuits.“, he added.
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