The world’s biggest luxury goods company LVMH, owned by Bernard Arnault, has bought a majority 60 percent stake in Napa Valley’s Colgin Cellars vineyard adding to their growing luxury-wine portfolio of which include Chateau Cheval Blanc and Chateau d’Yquem.
Located at the northern end of IX Estate in the Pritchard Hill area of St. Helena, California and founded in 1992 by Ann Colgin, the Colgin Cellars specialises in red wines, many of which have achieved top marks from well-regarded critics such as Robert Parker.
Ann Colgin, and her husband, Joe Wender, will keep 40 percent ownership and retain leadership of the operation. Chief Operating Officer Paul Robert and winemaker Allison Tauziet will also both remain in place.
Their four wines, Tychson Hill Cabernet Sauvignon, Cariad Napa Valley red wine, IX Estate Napa Valley red wine and IX Estate Syrah are described by Colgin Cellars themselves as having their ‘own distinctive personality, the result of a careful, knowing hand, like that of a painter.’
Colgin is the latest LVMH venture in Napa Valley. In 1973, Domaine Chandon opened in Yountville and was the first sparkling wine house in the U.S. by a French producer, Moët & Chandon.