GLN sees ripe fruit in Chinese thirst for fine French wines

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Gide Loyrette Nouel (GLN) has wrapped up another wine house acquisition in what the firm sees as a definite trend from Chinese investors towards prestigious French chateaus.

GLN advised King Power Group, a Hong Kong retail conglomerate, on the acquisition of Château Bernadotte from Château Pichon Longueville Comtesse de Lalande, part of the renowned Champagne Louis Roederer group.

Guillaume Rougier-Brierre
Guillaume Rougier-Brierre

GLN’s lead partner in the deal, Guillaume Rougier-Brierre, is an M&A expert who spent four years in the firm’s Beijing office before returning to Paris in 2009. He told China Business Law Journal wine deals are becoming popular for several reasons.

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