PARIS — Bernard Arnault, head of LVMH Moët Hennessy Louis Vuitton, has acquired another trophy winery.
This story first appeared in the September 8, 2008 issue of WWD. Subscribe Today.
Arnault, who is France’s second-richest man, has teamed with Belgian financier Albert Frère to purchase the Chateau Quinault for an undisclosed sum.
Situated in the Libourne region of Bordeaux, the winery is one of the so-called Grand Cru of the Saint-Emilion appellation and cultivates mostly merlot grapes, with a handful of parcels devoted to cabernet franc, cabernet sauvignon and malbec varieties.
Arnault and Frère made the purchase via their jointly controlled Raspail Investissement holding, through which they already control the Château Cheval Blanc and the Château La Tour du Pin wineries.
The men intend to invest in Quinault to improve the quality of its vintages, according to a spokesman.