jamie goode's wine blog: Juicy speculation: could Magrez move for Latour??

Sunday, December 28, 2008

Juicy speculation: could Magrez move for Latour??

A bit of juicy speculation. Could Bernard Magrez, who already owns a gazillion Bordeaux estates as well as wineries around the world, make a move for Chateau Latour? This speculation is contained in this article in today's Sunday Times, which focuses on the pressures that current owner Francois Pinault is under, and suggests that Latour is on the market for around 170 million. Pictured is Mr Magrez taken on my recent visit to his Bordeaux estates.

Note added later (29/12): I checked, and Mr Magrez has no comment to make for now.

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2 Comments:

At 1:31 PM, Blogger petoskystone said...

do large owners, such as mr. magrez, run their estates as racehorse owners run the horses? that is, does mr. magrez make hands-on decisions on how to manage the estate or does he just have the estate in his investment portfolio (much as a person who has shares in a horse does not make the decision on where & how to race)?

 
At 6:13 PM, Anonymous Alex Lake said...

I wonder how much the cellar is worth?

 

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