Quite an important announcement I think – at a time with very few transactions:
Advini are also the owners of Domaine Laroche in Chablis – and frankly, despite their ‘factory size’ Laroche have been making outstanding wines for a few years now. Smaller Champy will have much to benefit from, I think…
Returning to my ‘very few transactions’ comment. Burgundy pricing, including land prices are at historic highs, so Advini must have paid a very good (high!) price for this entry into the Côte d’Or. It seems that they have a lot of confidence!
And here is the press-release from Advini: