Brooke Shields Goes From 'Pretty Baby' To Gorgeous Woman
New Wine Deal Has Chinese Government Investing Directly In Bordeaux
Filed under: Wine
China isn't just collecting Bordeaux wine, Chinese investors are buying land and wineries in Bordeaux. Decanter reports that Philippe Raoux, owner of Chateau d'Arsac in Margaux and wine tourism complex La Winery, sold his Lalande-de-Pomerol estate, Chateau Viaud, to Cofco, a company 100% owned by the Chinese government. According to the article the deal followed three years of negotiations.The sale was part of a larger business deal, Cofco will also distribute Chateau d'Arsac in China, along with other Bordeaux wines from Raoux's merchant business. The company will also bring Raoux's Signe Œnologique (wine star sign) concept to China to use in wine education. Raoux's son Pierre has moved to Beijing to work with the company to create a Bordeaux branded wine aimed specifically at the Chinese market.
Several Chinese companies and families have invested in Bordeaux in the last several years but recently the partnerships have more of a reciprocal nature. As we reported back in 2009, Chateau Lafite Rothschild formed a partnership with CITIC, China's largest state-owned investment company, to develop a winery on the peninsula of Penglai in Shandong province, an area said to be China's Bordeaux.
Interest in wine in China has risen dramatically over the past few years and with its large population and spending power that interest is only expected to increase.
PHOTOS: Most And Least Christian States In America
Rodents Run Amok at Upstate New York Walmart
Naked Face Eater's Victim ID'd; Attack Lasted 18 Minutes
Apple CEO Tim Cook interview at D10: the liveblog
Beyonce 60-Pound Weight Loss: Queen B Flaunts New Figure During Comeback Concert Series
SLIDESHOW: Tattoos That Go Way Beyond Your Average Tramp Stamp
What's a Realistic Retirement Age?
I'm A Successful Entrepreneur But Might Get Deported
America's 10 Best National Parks
Carrie Underwood's Grunge Rock Past: 'I Was All About Pearl Jam'
What Happened When Alex Kenjeev Paid His Student Loan in Cash
VIDEO, PHOTOS: Man Who Chewed Off Victim's Face ID'd
Farmers Hit the Jackpot in Kansas Oil Boom
Supposed new iPhone casings show up with tall body, tiny dock connector, tons of mystery (update: a bit of the front too)
Boy Buys Old Polaroid Camera, Finds Picture Of Uncle
Mary J. Blige, Charity Lawsuit: Singer's Foundation Sued for Failing to Repay $250K Loan
'I Am Now Who I Was Supposed To Be'
Wynonna Judd's 33 Wildest Stage Costumes
NSFW PHOTOS: A Little Too Much Of A Rear View
Eight-Year-Old Upset After Teacher Gave Her The Biggest 'Catastrophe' Award
Cops Probe Possible Connection Between Two Missing College Students
'Cannibal' Attack: Naked Man Shot Dead In Miami 'As He Chewed Victim's Face' (VIDEO, PICTURES)
'Polish Death Camp' Remark Lands Obama In Hot Water
PHOTOS: Nicole Scherzinger Almost Reveals Too Much
Donald Trump Can't Be Controlled, Causes Major Headache For Mitt Romney
Walmart Workers Call Cops On Veterans On Memorial Day
FREE FALLING
'Private Practice' Cast Shake Up
Katie Couric Reveals Dream Guests
The 10 Least Affordable Places To Buy A Home
Pat Gallagher: Late Bloomers: Hollywood Stars Who Made It Big After Age 50
Travel + Leisure: PHOTOS: America's Worst-Dressed People