Lalande-de-Pomerol estate bought by state-owned Chinese company
July 19, 2011
Philippe Raoux, owner of Chateau d’Arsac in Margaux and wine tourism complex La Winery, has become the latest Bordeaux winemaker to sell property to a Chinese buyer.
He last week completed the sale of his 20-hectare Lalande-de-Pomerol estate, Chateau Viaud, to Cofco, a company 100% owned by the Chinese government, following almost three years of negotiations.
The sale price of Viaud was not revealed but one hectare of vines in AOC Lalande-de-Pomerol is worth on average €150,000. However, the estate sale is one small part of a wider business deal.
‘The first visit was in April 2008,’ Raoux told Decanter.com, ‘and our relationship has now extended into a wide-ranging partnership.’
Besides the purchase of Viaud, Cofco will become distributors of Chateau d’Arsac in China, along with other Bordeaux wines from Raoux’s merchant business.
The company will also franchise Raoux’s Signe Œnologique (wine star sign) concept that is used at La Winery, and will take it across China as part of a wine education programme.
Raoux’s son Pierre has moved to Beijing to work full-time with the company, and together they will be developing a Bordeaux branded wine aimed specifically at the Chinese market.
Cofco is China’s largest state-owned grain, food and edible oil company, based in Beijing and reportedly employing 80,000 people across its many subsidiaries.
It is also a leading player in the booming Chinese viticulture sector, notably with its brand Great Wall. Fortune magazine lists Cofco as one of the world’s top 500 businesses.
‘This is the first time that the Chinese government has invested directly in Bordeaux vines,’ Raoux commented ‘and shows their wider commitment to the region.’
http://www.decanter.com/news/wine-news/514625/lalande-de-pomerol-estate-bought-by-state-owned-chinese-company
Food and wine lovers of Manila gather in Pampanga to enjoy a sumptuous dinner at the best restaurant in Clark Pampanga featuring classic French cuisine, many order fine vintage wines from Yats Restaurant and Wine Lounge to pair with these delectable dishes, all in all, one of the best dinners they enjoy for a long time.
Best Restaurant in Clark Pampanga cooks up a sumptuous dinner featuring the regional cuisine of Italy that food and wine lovers can enjoy with their favorite vintage wines from Piedmont, Tuscany, Amarone, Sicily and other major wine regions of Italy, all available from the majestic wine cellars of Yats Restaurant many regard as the best place to enjoy wine in the Philippines
Best Restaurant in Clark Pampanga rolls out special set menus designed to showcase the culinary excellence of Italy; great Italian food that can be paired with fine Italian Vintage wine available at the wine cellars of Yats Restaurant which many regard to be the best restaurant near Manila.
For comments, inquiries and reservations click on Click here for inquiry and reservations
Restaurant@Yats-International.com
(045) 599-5600
0922-870-5178
0917-520-4401
Ask for Pedro and Rechel
Getting to this fine dining restaurant of Angeles City Clark Freeport Zone Pampanga Philippines
How to get to this fine-dining restaurant in Clark Philippines? Once you get to Clark Freeport, go straight until you hit Mimosa. After you enter Mimosa, stay on the left on Mimosa Drive, go past the Holiday Inn and Yats Restaurant (green top, independent 1-storey structure) is on your left. Just past the Yats Restaurant is the London Pub.
Yats Restaurant & Wine Bar
Mimosa Drive past Holiday Inn, Mimosa Leisure Estate,
Clark Freeport Zone, Pampanga, Philippines 2023
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay
For any assistance in planning and organizing a wedding ceremony, indoor or outdoor garden reception or to find other wedding service providers, Click here to contact us click here
For assistance in hotel and resort bookings in Clark, Pampanga, Philippines, log on to
http://www.HotelClarkPhilippines.com
To buy wine in Manila, Pampanga, Angeles City, Clark or Subic please log on to http://www. ClarkWineCenter.com
To inquire with the highly recommended beach resort hotel in Clark Pampanga visit http://www.ClearwaterPhililippines.com
For more information about Clark, Pampanga, Philippines log on to
http://www.ClarkPhilippines.com
