. Energy News .




FARM NEWS
Asia's King Power snaps up Bordeaux estate
by Staff Writers
Bordeaux (AFP) Dec 06, 2012


Asian duty-free specialist King Power has acquired the Bordeaux wine estate Chateau Bernadotte from Champagne Louis Roederer for an undisclosed sum, the company said Thursday.

King Power, which has offices in Bangkok and Hong Kong, also has investments in food and beverages, including wine interests in China, real estate, manufacturing, sports, brand development and leisure.

The acquisition of Chateau Bernadotte marks a new departure for the company, broadening its drinks and retail strategy, while capitalising on a synergy between its various activities.

Chateau Bernadotte operates a 40-hectare vineyard in Bordeaux's prestigious Medoc region, producing 200,000 bottles a year.

It is ranked as a Cru Bourgeois, below the level of classed growth wines but still considered to be of good quality. A bottle of a recent vintage would retail at the cellar door for around 10 euros ($13).

The property was acquired by Roederer in 2007 when the Champagne family bought second growth Chateau Pichon Longueville Comtesse de Lalande.

Roederer has invested millions in renovating and improving their Bordeaux properties, but this is the second estate it has let go, following the sale of Chateau Reaut to a group of investors.

Originating in Hong Kong, King Power is a major player in the duty free sector across Asia. It operates a retail network carrying an extensive portfolio of top drawer brands, including Cartier, La Perla and Godiva.

In 2006, the group acquired French costume jewellery chain Agatha.

In the drinks business, it already distributes brands including Hennessey, Remy-Martin, Courvoisier, Dom Perignon, and Bordeaux first growths Chateau Lafite-Rothschild and Chateau Mouton-Rothschild.

.


Related Links
Farming Today - Suppliers and Technology






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Get Our Free Newsletters
Space - Defense - Environment - Energy - Solar - Nuclear

...





FARM NEWS
Carbon dioxide could reduce crop yields
Dortmund, Germany (SPX) Dec 06, 2012
The carbon dioxide content of the atmosphere continues to climb and heat up the climate. The gas is, however, indispensable for plants, as they use the carbon it provides to form glucose and other important substances. Therefore, the more carbon dioxide the better? The equation is unfortunately not as simple as that. The plants, which ensure our basic food supply today, have not been bred for ve ... read more


FARM NEWS
URI oceanography student uses crashing waves on shorelines to study Earth's interior

New test adds to scientists' understanding of Earth's history, resources

Carnegie debuts revolutionary biosphere mapping capability at AGU

NASA's Tropical Rainfall Measuring Mission Turns 15

FARM NEWS
Retired GIOVE-A satellite helps SSTL demonstrate first High Altitude GPS navigation fix

GTX Gets Approval For Custom Two-Way GPS Tracking Devices On Planes

East Riding Of Yorkshire Council Selects Ctrack For Specialist Vehicle Tracking Solution

Researchers Use GPS Tracking to Monitor Crab Behavior

FARM NEWS
World's biggest, oldest trees are dying: research

'Come out of the forest' to save the trees

Canopy structure more important to climate than leaf nitrogen levels

Ash dieback poses threat

FARM NEWS
Plastic packaging industry is moving towards completely bio-based products

Gases from Grasses

Garbage bug may help lower the cost of biofuel

Tiny algae shed light on photosynthesis as a dynamic property

FARM NEWS
German's solar ovens make sunbaked tortillas in Mexico

Flexible solar cells could be in clothing

British firm to build 'Africa's biggest solar plant'

The Future Looks Bright: ONR, Marines Eye Solar Energy

FARM NEWS
Brazil advances wind power development

US Navy, DoD, Developer Announce Wind Farm Agreement

Britain: Higher energy bills 'reasonable'

Areva commits to Scotland turbine plant

FARM NEWS
China mine blast kills 17: state media

China mine blast toll rises to 23

China mine blast kills 18: state media

US shale gas drives up coal exports

FARM NEWS
Police clash with thousands of rioters in south China

Watches, mistresses on show as China highlights graft

Mo Yan: Chronicler of a turbulent Chinese century

China mayor watch scandal stirs online resentment




The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement