Asia's duty-free specialist King Power snaps up Bordeaux estate
BORDEAUX (AFP) - Asian duty-free specialist King Power has acquired the Bordeaux wine estate Chateau Bernadotte from Champagne Louis Roederer for an undisclosed sum, the company said on Thursday.
King Power, which has offices in Bangkok and Hong Kong, also has investments in food and beverages, including wine interests in China, real estate, manufacturing, sports, brand development and leisure.
The acquisition of Chateau Bernadotte marks a new departure for the company, broadening its drinks and retail strategy, while capitalising on a synergy between its various activities.
Chateau Bernadotte operates a 40 ha vineyard in Bordeaux's prestigious Medoc region, producing 200,000 bottles a year.