Bordeaux, France (AFP) March 1, 2011
The Chinese jewelry group Tesiro has bought a French family-owned wine chateau in the world-renowned Bordeaux region, industry officials told AFP on Tuesday.
Group managing director Shen Dongjun signed the final purchase agreement late Monday with the Ducos family, owners of the Chateau Laulan Ducos since 1911, according to the regional wine-growers' association.
The 41-year-old executive is a wine lover and keen to develop a market in his homeland for the chateau's 150,000-bottle annual output, which is sold under the Medoc appellation, Tesiro buy-out manager Linjun Zhou told AFP.
The former joint owner of the estate, 34-year-old Frederic Ducos, will stay on to work for the Chinese firm as a director and quality controller.
"The group sees this as a choice of quality. We're embarking on a course of bringing the wine up a level," he told AFP.
Tesiro has an annual turnouver of around 15 million euros (20 million dollars) and employs 3,000 people at 400 jewellers in southeast China.
Laulan Duclos is the fifth wine chateau in the Bordeaux region to have been bought by a Chinese firm, after Latour-Laguens in 2008, Richelieu in 2009, Chenu Lafitte in 2010 and De Viaud in 2011.
Share This Article With Planet Earth
Farming Today - Suppliers and Technology
Seed collection in Norway vault grows
Oslo, Norway (UPI) Feb 28, 2011
A seed vault in Norway has received seeds for rare lima beans, blight-resistant cantaloupe and antioxidant-rich tomatoes from South America, officials said. Marking its third anniversary, the vault in the depths of an arctic mountain on Norway's remote Svalbard Archipelago received the seeds from gene banks maintained by the Consultative Group on International Agricultural Research, the ... read more
Good Progress On Troubleshooting|
Ministerial Panel Deliberates Google's Planned Launch Of Street View
NASA Spacecraft Images New Zealand Quake Region
Earth's Core Rotating Faster Than Rest Of The Planet
ZST Digital Networks Signs Agreement To Develop City-Wide GPS Platform
Retail Mobile Systems Easily Tricked
MatchMaker OCR Solution By APS Technology Receives Patent
Lynden Transport Expands Service To And From Oklahoma And North Dakota
Climate Change Causing Demise Of Lodgepole Pine In Western North America
Bacteria Living On Old-Growth Trees May Help Forests Grow
Tree-planting world record set in Philippines
Biodiversity In Danger: Which Areas Should Be Protected?
Scientists Identify New Implications For Perennial Bioenergy Crops
Brewery Waste Becomes Scientific Fodder For Producing Liquid Biofuels
Overfertilizing Corn Undermines Ethanol
Amyris Technology Performs At Industrial Scale
EPSRC's Novel Energy Harvesting Grants
Solar Frontier Signs Balticsolar In Northern Germany
SOLON To Construct 15 MW Solar Plant For PG And E
Beverly Hills Goes Solar
Eon to build fifth U.K. offshore wind farm
GL Garrad Hassan Launches Onshore Wind Resource Mapping For UK
Construction Begins On Dempsey Ridge Wind Project
India's Suzlon wins $1.28 bn wind power deal
China says over 2,400 dead in coal mines in 2010
China mine blast death toll up to 26: state media
Revamped China history museum skips taboo subjects
China says media must 'cooperate' after rally clampdown
Pollution threatens Chinese growth: minister
More China rallies planned after tough clampdown
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement|