Champagne negociant facing break-up
Champagne negociant facing break-up
Mar 6, 2013 6
(Decanter) - Champagne negociant business Pressoirs de France is almost certain to be broken up and its assets sold off after the company's administrator failed to sell it.
Administrator Jean-Luc Mercier, appointed by the French courts in January after the business went into receivership, has now launched a tender calling for bids for the two main assets of the company, based in Faverolles-et-Coemy, near Reims.
Mercier has listed these assets as the vineyards it owns – some 10.67 hectares of vines worth an estimated €11-15m – plus 165ha of supply contracts, including 84ha where the contract has a further four years to run
Read more at http://www.decanter.com/news/wine-news/583692/cR.9hampagne-negociant-facing-break-up#FJjciJzJCmwsh2d9
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