Wine Spectator: Bordeaux’s Château du Tertre SoldJanuary 22, 2021
The Albada Jelgersma family is slimming down their winery portfolio, selling Bordeaux fifth-growth Château du Tertre in Margaux to an undisclosed French institutional investor. The Helfrich family, owners of the large wine firm Grands Chais de France, will lease and manage the winery. The sale price was not disclosed.
The Albada Jelgersma family wanted to focus on their other two wineries: Margaux third-growth Château Giscours and Tuscan estate Caiarossa. “Château du Tertre is an estate with magnificent potential,” said Alexander Van Beek, managing director of the family’s properties. “The Albada Jelgersma family wants the winery to stand on its own two feet from now on, for the good of the estate and its teams.”
The Helfrich family owns the French wine behemoth Grands Chais de France, founded in 1979 by Joseph Helfrich and now worth $1.46 billion in annual sales. The Alsace-based family owns or leases 7,413 acres of vineyards throughout France. They sell approximately 40 million cases a year and export to 173 countries. Wine Spectator has the full story. —Suzanne MustacichSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.