Chinese Investors Snap Up This Burgundy Vineyard As Thirst For French Wine Grows
Chinese Investors Snap Up This Burgundy Vineyard As Thirst For French Wine Grows
Aug 23, 2012 6
(BusinessInsider) - The chateau producing Napoleon's favourite red wine, one of Burgundy's most prized vineyards, has been sold to a Chinese gambling tycoon, sparking dire warnings from local growers of a "foreign invasion" of mainly Asian investors.
The unnamed casino magnate from Macao outbid local vintners to pay eight million euros for Chateau de Gevrey-Chambertin - a 12th Century listed building along with its two-hectare vineyard and pinot noir grapes.
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