News and notes from the world of wine.
Suravenir Assurances, the life insurance subsidiary of the French banking company Crédit Mutuel Arkéa, has purchased the Bordeaux third growth Château Calon Ségur for an estimated $212.5 million. The Bordeaux wine group Videlot, which is owned by Jean François Moueix, is a minority partner in the deal. The buyers anticipate the sale to be finalized in November 2012.
Wilson Daniels, a fine wine sales and marketing organization, has appointed Jack Daniels as interim CEO. Daniels co founded Wilson Daniels with the late Win Wilson in 1978, and is returning to the company on a short term basis.
Wine and spirits giant Constellation Brands has signed an agreement to purchase the Mark West wine brand from Purple Wine Co. for approximately $160 million. Mark West has an annual production of approximately 600,000 cases. The California based brand consists of a Central Coast Chardonnay, a Russian River Valley Pinot Noir, a Santa Lucia Highlands Pinot Noir and a California Pinot Noir.
Champagne house Veuve Clicquot has released the 2004 vintage of its prestige cuvée, La Grande Dame. The blend is comprised of 69% Pinot Noir and 31% Chardonnay, using grapes sourced from eight grand crus: Aÿ, Bouzy, Ambonnay, Verzy, Verzenay, Avize, Oger and Le Mesnil sur Oger. According to Veuve Clicquot’s chef de cave, Dominique Demarville, the 2004 vintage had ideal ripening conditions, with a harvest nearly twice the average size. The 2004 bottling retails for $149/750 ml; the next La Grand Dame vintage to be released will be the 2006.