LVMH buys Phelps!

[Glenn_C_McMillen]

Phelps is just one of many that will get purchased by LVMH. I think Isole e Olena is happening, too. I’m either very right, or very wrong, I don’t care except to say if it’s being sold, I’ll forever tip my hat to Paolo and Marta as I pass by.

I’m too lazy to start a new thread.

I bought Isole e Olena back in the 90s from Moore Brothers at their store in NJ. Still have some vin santo waiting to be opened after many years.

[Mel_Knox]

I have heard a bigger number for Insignia but ten thousand is still big.
Judging by the numbers of barrels they buy I think opus makes between one thousand and fifteen hundred barrels —225 liter— per year but I don’t know how much is bottled as Opus.
I have heard a figure of seven million bottles of Dom Perignon.
Mouton? Over 250,000 bottles! of course if a winery has three bottlings only they know

[Tom_G_l_a_s_g_o_w]

Phelps is just one of many that will get purchased by LVMH. I think Isole e Olena is happening, too. I’m either very right, or very wrong, I don’t care except to say if it’s being sold, I’ll forever tip my hat to Paolo and Marta as I pass by.

I’m too lazy to start a new thread.

Isole e Olena was sold. How is the 2019 CC?

[Tom_G_l_a_s_g_o_w]

EPI June 2022 - Wine Industry Advisor … ico-estate

Probably De Marchi want to concentrate on Lessona. End of an era, kind of sad about this.
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwiy-Ibsidv4AhX0ElkFHQyqCcMQFnoECAcQAQ&url=https%3A%2F%2Fwineindustryadvisor.com%2F2022%2F06%2F03%2Fepi-acquires-isole-e-olena-iconic-chianti-classico-estate&usg=AOvVaw0qIf7WjJaAF9uEjgPS4eFK

[Keith_A_k_e_r_s]

Phelps is just one of many that will get purchased by LVMH. I think Isole e Olena is happening, too. I’m either very right, or very wrong, I don’t care except to say if it’s being sold, I’ll forever tip my hat to Paolo and Marta as I pass by.

I’m too lazy to start a new thread.

Wait, Isole is being bought by LVMH? That makes no sense.

Tim is wrong on it being LVMH, but Isole e Olena has been sold to the group that owns Charles Heidsieck and Biondi-Santi. They immediately went into the Wilson-Daniels lineup

[Ian_Dorin]

I have heard a bigger number for Insignia but ten thousand is still big.
Judging by the numbers of barrels they buy I think opus makes between one thousand and fifteen hundred barrels —225 liter— per year but I don’t know how much is bottled as Opus.
I have heard a figure of seven million bottles of Dom Perignon.
Mouton? Over 250,000 bottles! of course if a winery has three bottlings only they know

Opus is cagey about the numbers. I’ve heard numbers as low as 25K cases, but other numbers as high as 75K cases! I know the 2017 was short, but alas, the wine is not rare by any stretch.

I think Mouton is now in the 17-18K range. They and Lafite have over 100 hectares each (and Mouton’s property isn’t all technically in Paulliac either…). 1982 Mouton was over 300,000 750s alone.

[Michael_S_Monie]

My introduction to fine wine was the purchase of 12 bottles of 1994 Insignia that I believe I got in 1999. I paid a c-note per bottle which at the time very out of character for me. I still have a single bottle left that I’m holding for 2024.

[R_Gilbane]

They also make Dom, Krug, Ch Cheval Blanc, and Ch d’Yquem. I don’t hear anyone complaining about those brands.

Really? I hear people complain all the time about the pricing of those brands. Just look at the board. Complaints (or lack of) about quality of those brands is an entirely different story as it would take a tremendously jaded person to take that position.

At the end of the day it’s a luxury good and LVMH is as good or better as any other company in the space of selling that product. I’m sure they will increase quality. I am also sure they will increase pricing. And lastly, I am sure I will be very happy to try the fruits of their investment/labor when someone else opens a bottle for me to try. Just won’t be on my dime.

The people complain about the price of 4 of the most iconic wines in the world need to get a life. or a better job that makes them more money and keeps them busier so they don’t sound like whiny babies.

Ha! I like this take. The force is strong with this one.

[Howard_Cooper]

Perfectly fair, and relevant, since the discussion here has focused on the luxury angle and the value of the Phelps brand. Yes, they sell cheaper wines (including cabs), but the measure of the brand power is the prices for the expensive stuff.

Still don’t agree as they have quite a few products under 100 that are fantastic.

You’re missing the point. LVMH specializes in luxury products, so the appeal has to be wines that have enough cachet to command $250 (or whatever), not $60 chardonnays. The point is that Phelps has some of those very high-end wines, which shows the brand is quite valuable.

How many bottles of NV Moët & Chandon and Veuve Yellow Label do they sell?

[Ian_Dorin]

Still don’t agree as they have quite a few products under 100 that are fantastic.

You’re missing the point. LVMH specializes in luxury products, so the appeal has to be wines that have enough cachet to command $250 (or whatever), not $60 chardonnays. The point is that Phelps has some of those very high-end wines, which shows the brand is quite valuable.

How many bottles of NV Moët & Chandon and Veuve Yellow Label do they sell?

Millions and millions. I would love to find out the exact number myself, but alas, have never been able to.

[Keith_A_k_e_r_s]

You’re missing the point. LVMH specializes in luxury products, so the appeal has to be wines that have enough cachet to command $250 (or whatever), not $60 chardonnays. The point is that Phelps has some of those very high-end wines, which shows the brand is quite valuable.

How many bottles of NV Moët & Chandon and Veuve Yellow Label do they sell?

Millions and millions. I would love to find out the exact number myself, but alas, have never been able to.

The amount of Veuve they sell allows them to do balla dinners for clients when Krug has its releases in the fall. They run thst ugly yellow boat out in the summer to woooo buyers and it works like a charm all the time. This forum is the exact opposite of LVMHs target market for them (I’m just quoting you to piggy back on what you’re saying btw) and they clearly sell gobshite amounts of it

[Ian_Dorin]

How many bottles of NV Moët & Chandon and Veuve Yellow Label do they sell?

Millions and millions. I would love to find out the exact number myself, but alas, have never been able to.

The amount of Veuve they sell allows them to do balla dinners for clients when Krug has its releases in the fall. They run thst ugly yellow boat out in the summer to woooo buyers and it works like a charm all the time. This forum is the exact opposite of LVMHs target market for them (I’m just quoting you to piggy back on what you’re saying btw) and they clearly sell gobshite amounts of it

Totally get it.

FWIW, they’ve actually been trying to slow down demand a bit. Retailers have been selling it at insane clips, and now that restaurants are open, it’s a dog fight on both sides.

[Mel_Knox]

The 75,000 cs figure for Opus seems out of line. Judging by the number of barrels they buy and how long they use them, 25K seems more in line. Constellation could divert grapes from To Kalon but they would want a pretty penny for them. They have extra space elsewhere for the barrels. Selling 75,000 cs at $300+ a bottle…not easy.

As for the Champenois, it seems just like yesterday they were in the toilet and now they are printing money. Visiting a big Champagne company is like visiting a company that makes semi conductors…they won’t tell you much.