Ann Colgin and Joe Wender will sell a 60% stake in Colgin Cellars to the LVMH Group , while continuing to hold a 40% equity in the business and maintaining their leadership functions.
Founded by Ann Colgin 25 years ago, Colgin Cellars produces four iconic wines: Tychson Hill Cabernet Sauvignon, Cariad Napa Valley red, IX Estate Napa red, and IX Estate Syrah.
Their talented winery team will continue to be led by Ms. Colgin and Mr. Wender, along with Paul Roberts (COO) and Allison Tauziet (winemaker).
The winery is located at the northern end of the IX Estate in the Pritchard Hill area of Napa Valley, and was untouched by the recent Napa Valley fires.
“After a social introduction to Mr. Arnault several months ago and discussions with the LVMH team, I realized that I could not find a better partner for Colgin Cellars to preserve our founding spirit and our exquisitely handcrafted red wines, into the future. We are happy to join the LVMH Group, to continue to offer our loyal customers the unique and high-end experiences we’ve been creating for them, for over a quarter of a century,” said Ann Colgin.
“We share with Colgin Cellars the same desire to offer the very best quality products. I am therefore delighted to welcome Colgin’s unique heritage into LVMH, reaffirming our strategy of selective acquisition of the best existing terroirs, and enriching our collection of iconic wines such as Château Cheval Blanc, Château d’Yquem or Domaine du Clos des Lambrays,” said Bernard Arnault, chairman and CEO of LVMH.