{"id":124519,"date":"2023-11-02T18:05:50","date_gmt":"2023-11-02T17:05:50","guid":{"rendered":"https:\/\/luxus-plus.com\/the-lalique-group-becomes-majority-shareholder-in-the-chateau-lafaurie-peyraguey-vineyard\/"},"modified":"2023-11-02T18:06:10","modified_gmt":"2023-11-02T17:06:10","slug":"the-lalique-group-becomes-majority-shareholder-in-the-chateau-lafaurie-peyraguey-vineyard","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/the-lalique-group-becomes-majority-shareholder-in-the-chateau-lafaurie-peyraguey-vineyard\/","title":{"rendered":"The Lalique Group becomes majority shareholder in the Ch\u00e2teau Lafaurie-Peyraguey vineyard "},"content":{"rendered":"

Luxury goods specialist Groupe Lalique has announced the acquisition of 75% of Ch\u00e2teau Lafaurie-Peyraguey for 18 million euros. The transaction will be financed by a capital increase and will strengthen the Swiss group’s presence in the wine sector. Founded in 1618, Ch\u00e2teau Lafaurie-Peyraguey is one of Bordeaux’s most prestigious vineyards, and neighbors Ch\u00e2teau d’Yquem, owned by LVMH.<\/h4>\n

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The Lalique Group<\/strong>, a major player in crystal, perfume, hotel and catering, announced on Wednesday November 1 the acquisition of 75%<\/strong> of the prestigious Bordeaux vineyard Ch\u00e2teau Lafaurie-Peyraguey<\/strong>. The Swiss group, which has already owned the estate’s hotel-restaurant since 2021<\/strong>, will acquire these shares from its CEO, Silvio Denz<\/strong>, who acquired the Ch\u00e2teau Lafaurie-Peyraguey estate in 2014<\/strong>.<\/p>\n

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This acquisition, valued at 18 million euros<\/strong>, will be financed through a capital increase. Ch\u00e2teau Lafaurie-Peyraguey will be officially integrated into the Lalique Group’s financial results retroactively from July 1, 2023<\/strong>. The transaction is expected to be finalized “no later than mid-December 2023”.<\/em><\/p>\n

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In 2022<\/strong>, the vineyard generated sales of 1.4 million euros<\/strong> and recorded an operating result close to break-even. After its change of hands, the aim is to increase wine sales through Lalique’s marketing capabilities and sales network, particularly in the hotel sector.<\/p>\n

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However, we note that the acquisition cost of 18 million euros for a 75% stake in Ch\u00e2teau Lafaurie-Peyraguey is lower than the low estimate<\/strong> of the appraisal firm Rothschild & Co Paris, and would not include any goodwill.<\/p>\n

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Capital increase<\/h2>\n

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To ensure that this acquisition does not affect its cash position, the Lalique Group will carry out a capital increase within the approved fluctuation margin. It will issue 450,000 new shares<\/strong>, each with a par value of 0.20 Swiss francs<\/strong>, at an issue price of 40 Swiss francs<\/strong> per share. This will increase Silvio Denz’s stake in the Lalique Group from 50.10% to 53.03%<\/strong>.<\/p>\n

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The new shares issued will thus be held by the vineyard’s former owner, while Swiss entrepreneur Michael Pieper<\/strong>, who acquired a 25%<\/strong> stake in Ch\u00e2teau Lafaurie-Peyraguey in 2016<\/strong>, will retain his interest in the property. As Chairman and majority shareholder of the Lalique Group, Silvio Denz did not participate in the Board’s discussions regarding the acquisition.<\/p>\n

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The proceeds of the capital increase will correspond to the acquisition price paid by the Lalique Group. Other shareholders will not have subscription rights.<\/p>\n

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Prestigious vineyard<\/h2>\n

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Founded in 1618<\/strong>, Domaine Lafaurie-Peyraguey covers 47 hectares<\/strong>, including 30 hectares of vines. The estate includes the ch\u00e2teau, a hotel-restaurant, a cellar, warehouses, a boutique, a hangar and other structures, occupying a total of 7 hectares. This vineyard, over 400 years old, is one of the few to have been classified Premier Grand Cru in 1855.<\/strong><\/p>\n

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