Is Vincent Girardin Selling His Burgundy Business?
Reliable sources indicate that the esteemed Burgundy grower and winemaker is up for sale
Posted: Dec 15, 2011 11:45am ET
Burgundy is a small, tightly knit world. Major transactions are rare, and people keep their own counsel. But my sources tell me that a significant deal is in the works.
I have been informed by reliable sources that Vincent Girardin, a highly esteemed grower and winemaker who has been building a small but important négociant arm, is selling his business. The price is rumored to be $52 million to $65 million (at today's rate of $1.30 to the euro).
This would be a major deal for the region, comprising approximately 113 acres of vines. Girardin personally owns roughly 54 acres in the Côte de Beaune, about half of that in Santenay. In addition, there are an additional 57 acres under a holding company, including vineyards in Chassagne-Montrachet premiers crus Morgeot and Les Caillerets, Puligny-Montrachet La Garenne, Les Pucelles and Les Referts and grand cru Corton-Charlemagne.
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