Wine Talk

Snooth User: Stephen Harvey

Gallo buys Stagecoach

Posted by Stephen Harvey, Mar 26, 2017.

http://www.winespectator.com/webfea...

Saw this article interested on insights on Stagecoach and impact of Gall buying

Replies

27
957
Reply by Stephen Harvey, Mar 26, 2017.

The Eagle Screams into Burgundy

 

Screaming Eagle Owner Buys Majority Stake in Burgundy's Bonneau du MartrayLe Bault de la Morinière family sells after more than two centuries; owner of the Denver Nuggets and Los Angeles Rams buys his first winery outside U.S.By Bruce Sanderson

Stan Kroenke, the American businessman who owns Screaming Eagle, Jonata and The Hilt vineyards in California, as well as several sports franchises, has purchased a majority stake in the prominent Burgundy winery Domaine Bonneau du Martray for an undisclosed price.

Bonneau du Martray, whose cellars are in Pernand-Vergelesses, has been in the Le Bault de la Morinière family since the French Revolution. The current generation was led by four brothers, including the manager of the estate, Jean-Charles Le Bault de la Morinière. The family will continue as partners in the domaine.

"It's really two families getting together," Armand de Maigret, who manages Kroenke's wine properties and will oversee production at Bonneau du Martray, told Wine Spectator. "The plan is for me to be the leader and to learn as much as I can from Jean-Charles. It's a fantastic property, and I will have plenty to do."

"The idea was to plan for the future of the domaine," Le Bault de la Morinière told Wine Spectator. "We will remain partners, and I will help as much as I can." The deal still has to be approved by the Société d'Aménagement Foncier et d'Établissement Rural (SAFER), an administrative group that oversees vineyard transactions in France.

Domaine Bonneau du Martray is the only property in Burgundy that only makes grands cru wines. Its holdings consist of 27 acres in a single parcel, 23.5 of which are Chardonnay for Corton-Charlemagne and 3.5 of which are planted to Pinot Noir for red Corton. The estate is the second-largest owner of Corton-Charlemagne land, and its wine is known for its class and longevity.

Since assuming the management of Bonneau du Martray from his father in 1994, Le Bault de la Morinière converted the vineyards to biodynamic cultivation and improved quality. The vineyard and cellar team will remain in place under the new partnership, according to de Maigret.

Kroenke, worth an estimated $7.4 billion, heads Denver-based Kroenke Sports Enterprises, LLC, which owns or co-owns several professional sports franchises, including the Denver Nuggets of the NBA, the Colorado Avalanche of the NHL, the Colorado Rapids of Major League Soccer and the Los Angeles Rams of the NFL. He's also the largest shareholder of English football club Arsenal and runs the Kroenke Group, a private real-estate and development company.

Kroenke entered the wine business with a bang in 2006 when he partnered with Charles Banks to buy Napa Cult Cabernet producer Screaming Eagle. (Kroenke bought out Banks' stakes in both Screaming Eagle and Santa Barbara winery Jonata in 2009.) 

20
3258
Reply by dmcker, Mar 27, 2017.

Stephen, you might try to get ahold of some of the Jonata wines from Santa Barbara. They are more than merely interesting, and a lot cheaper than Screaming Eagle.

Looks like Kroenke chose an interesting Burgundy property for purchase. Don't think we'll be seeing its bottles' prices lowering in future, nor will GregT be likely purchasing them by the case...  ;-)

41
1468
Reply by outthere, Mar 27, 2017.

Stagecoach is the largest vineyard in Napa Valley and Gallo is the largest vineyard management company in the US. The vineyard owners are ready to retire and the kids do not want to carry on the farming business. Wines from the vineyard are solid but unimpressive for the most part. Gallo has the resources to farm it properly and frankly it fits in line with their vineyard portfolio and where they want to take the brand. Big dollar purchase here, I would expect them to be looking to get good prices from the fruit.

20
3258
Reply by dmcker, Mar 28, 2017.

Stagecoach has a bit of a cachet here in Japan amongst certain drinkers (responding to marketeering, of course), but I've never been particularly impressed.

Never any danger of the kids continuing the business? Or do they just see big dollar signs with a G behind them, similar to the family sellout over in Burgundy that JD reported on recently?


Back to Categories

Popular Topics

Top Contributors This Month

259386 Snooth User: zufrieden
259386zufrieden
23 posts
1413489 Snooth User: dvogler
1413489dvogler
15 posts
357808 Snooth User: vin0vin0
357808vin0vin0
4 posts

Categories

View All




Snooth Media Network