Lalique Group to acquire majority stake in Château Lafaurie-Peyraguey wine estate

Lalique Group SA / Key word(s): Takeover Lalique Group to acquire majority stake in Château Lafaurie-Peyraguey wine estate 01-Nov-2023 / 07:05 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. MEDIA RELEASE – Ad hoc announcement pursuant to Art. 53 LR

 

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Zurich, 1 November 2023 – Lalique Group SA (SIX: LLQ), which is active in the creation, development, marketing and worldwide distribution of luxury goods, today announced that it will acquire 75% in the preeminent wine estate Château Lafaurie-Peyraguey in the Bordeaux region. The purchase price of EUR 18.0 million will be financed by a capital increase within the existing capital band, whereby all of the new shares will be issued to Silvio Denz as the seller. Lalique Group already owns the Château Lafaurie-Peyraguey five-star hotel and restaurant and will in future more closely connect the wine estate with the world of Lalique, in a similar way as with its Scotch whisky distillery The Glenturret.

Château Lafaurie-Peyraguey dates back to 1618 and encompasses 47 hectares of land, whereof 30 hectares of vineyards and seven hectares of historical Château Estate, Hotel-Restaurant, Winery, Warehouses, Shop, Hangar and other outbuildings. The more than 400 years old Château is one of the few Premier Grand Cru Classé in 1855. Château Lafaurie-Peyraguey’s cultivation focus is world- famous sweet wines while also producing dry white and rosé wines. The wide range of soils and subsoils (mainly gravel and clay) gives the wines of Château Lafaurie-Peyraguey their exceptional aroma. The excellence of Sauternes wines is also the result of a unique cultivation method with meticulous green pruning, long harvests in a series of passes and picking by hand one grape at the time. In order to constantly increase the quality of its wines, Château Lafaurie-Peyraguey has carried out a drastic selection of plots in recent years while gradually converting to organic growing and further refining cultivation techniques. The last vintages of Château Lafaurie-Peyraguey were rated 98-100 out of a maximum of 100 points by recognized wine critics and are among the best of their appellation.