LVMH Moët Hennessy Vuitton : Colgin Cellars, and its unique limited-production of Napa Valley Red Wines, joins the LVMH Group
November 21, 2017 at 07:19 am EST
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Under the terms of the agreement, Ann Colgin and Joe Wender will sell a 60% stake to the LVMH Group while continuing to hold 40% equity in the business and maintaining their leadership functions. Their talented winery team will continue to be led by Ann Colgin & Joe Wender along with COO, Paul Roberts and Winemaker, Allison Tauziet.
Founded by Ann Colgin in Napa Valley 25 years ago, Colgin Cellars' reputation is rooted in the unmatched quality of its four wines - 'Tychson Hill' Cabernet Sauvignon, 'Cariad' Napa Valley Red Wine, 'IX Estate' Napa Valley Red Wine and 'IX Estate' Syrah - which have developed an iconic status among wine collectors. The winery is located at the northern end of IX Estate in the Pritchard Hill area of Napa Valley - untouched by the recent Napa Valley fires - and offers inspiring views of Lake Hennessey.
Since its creation, excellence and quality have been at the heart of Colgin Cellars' entrepreneurial journey. The winery's success was built on its ultra-premium, limited production wines, all of which are consistently highly rated by several industry sources. The wines are sold primarily through an exclusive client list and also distributed to high-end restaurants and retailers in the US and over thirty countries globally.
LVMH - Moët Hennessy Louis Vuitton SA published this content on 21 November 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 November 2017 12:18:04 UTC.
Original documenthttps://www.lvmh.com/news-documents/press-releases/colgin-cellars-and-its-unique-limited-production-of-napa-valley-red-wines-joins-the-lvmh-group/
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LVMH Moët Hennessy Louis Vuitton SE is the world leader in luxury products. Net sales break down by family of products as follows:
- fashion and leather items (48.9%): brands such as Louis Vuitton, Kenzo, Celine, Fendi, Marc Jacobs, Givenchy, etc.;
- watches and jewels (12.8%): Bulgari, TAG Heuer, Zenith, Hublot, Chaumet, Fred brands, Tiffany, etc.;
- perfumes and cosmetics products (9.6%): perfumes (Christian Dior, Guerlain, Loewe, Kenzo brands, etc.), makeup products (Make Up For Ever, Guerlain, Acqua di Parma, etc.), etc.;
- wines and spirits (7.7%): champagnes (Moët & Chandon, Mercier, Veuve Clicquot Ponsardin, Dom Pérignon brands, etc.; No. 1 worldwide), wines (Cape Mentelle, Château D'Yquem, etc.), cognacs (mainly Hennessy; No. 1 worldwide), whisky (mainly Glenmorangie), etc.;
The remaining sales (21%) are from selective distribution through the Sephora, DFS, Miami Cruiseline chains and Le Bon Marché and La Samaritaine department stores.
At the end of 2023, products are marketed via a network of 6,097 outlets located throughout the world.
Net sales are distributed geographically as follows: France (7.9%), Europe (16.4%), Japan (7.3%), Asia (30.8%), the United States (25.3%) and other (12.3%).
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