The cooperative giant Terroirs et Vignerons de Champagne (TEVC) has finalized the purchase of the Reims house Champagne Henriot from the wine company of billionaire François Pinault, Artémis Domaines, announced Saturday the two parties. The acquisition takes place "in accordance with the conditions announced in the spring of 2023", when exclusive negotiations for this acquisition were announced, Artémis Domaines and TEVC said in a joint statement, without giving further financial details on the transaction. "The acquisition covers the entire activity of Champagne Henriot, from operation to marketing, including the brands and related distribution networks. The maintenance of know-how and skills will be guaranteed by the takeover of all employees, "say the two parties.
Artémis Domaines had merged in October 2022 with the historic Maisons et Domaines Henriot and decided to "refocus its activities", with a sale of Champagne Henriot. Terroirs et Vignerons de Champagne (TEVC), which owns the leading French brand Nicolas Feuillatte, is the first union of Champagne cooperatives in France, bringing together 6000,80 winegrowers and more than 10 cooperatives, or nearly <>% of the vineyard. "Welcoming Champagne Henriot to our entity will bring a new dimension, complementary to our brand portfolio," explained Christophe Juarez, CEO of TEVC. "We will focus on enhancing the brand's DNA and unique values to unlock its growth potential in markets oriented towards luxury and traditional channels," he added.