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Moët Hennessy Acquires Joseph Phelps Vineyards – WWD

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MOËT GOES TO NAPA: Bernard Arnault has a couple of extra drink choices.

Moët Hennessy, the wines and spirits division of the Arnault-led LVMH Moët Hennessy Louis Vuitton, has acquired Joseph Phelps Vineyards.

Based by Joseph Phelps in 1973, the Napa and Sonoma-based wine assortment is alleged to be some of the revered and acclaimed within the U.S. It’s recognized for its legendary Insignia, a Bordeaux-style Napa-grown mix, thought-about some of the sought-after and fascinating advantageous wines on the planet. Insignia has 4 occasions been rewarded with Robert Parker Wine Advocate’s good 100-point scores for the 1991, 1997, 2002 and 2007 vintages.

Moët Hennessy Acquires Joseph Phelps Vineyards

Its Insignia, a Bordeaxu-style Napa-grown mix, is taken into account some of the fascinating advantageous wines on the planet.
courtesy shot.

Philippe Schaus, chairman and chief government officer of Moët Hennessy, mentioned: “We’re delighted and really proud to welcome Joseph Phelps Vineyards to our portfolio of luxurious wines and spirits. By way of the mixture of the great vineyards  of Joseph Phelps, the unmatched expertise and excellence of the Joseph Phelps workforce, and the assist of our international distribution group and distinctive experience with premium, family-owned manufacturers, we are going to proceed the great journey initiated by the founder 50 years in the past and pursued by his heirs at this time. Joseph Phelps has been to the Napa Valley what Nicolas Ruinart, Mrs. Clicquot, Joseph Krug and Claude Moët have been to the Champagne area, and likewise we are going to proceed to develop this new Home within the respect of the founder’s heritage and imaginative and prescient.”

The Phelps household mentioned: “Our father based Joseph Phelps Vineyards in 1973 with a ardour for innovation, an unwavering dedication to high quality, and joie de vivre. Almost 50 years alter, we’re proud to have grown from a 600-acre cattle ranch and early pioneer of the Napa Valley to a critically acclaimed and  internationally recognized producer of iconic wines.

“As we plan for the following 50 years, we imagine that passing the care of this crown jewel of the Napa Valley and Sonoma Coast to Moët Hennessy, will construct on our household legacy nicely into the longer term,” the household mentioned. “Throughout our discussions with Moët Hennessy, it was abundantly clear that they worth and embrace all of our good and devoted workforce members, and most significantly, are dedicated to making sure that our founding mission and values stay on the coronary heart of Joseph Phelps Vineyards.”

The deal provides to LVMH’s presence within the U.S., which grew considerably with the $15.8 billion acquisition of Tiffany & Co. early final yr.

 

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