Louis Roederer enters talks for Burgundy estate.
Champagne house Louis Roederer has begun exclusive negotiations to acquire Domaine Pierre Damoy in Gevrey Chambertin. The move forms part of a broader strategy to expand beyond sparkling wine into still wine and wider luxury activities.
The Louis Roederer group has entered into exclusive negotiations to acquire Domaine Pierre Damoy, according to Entrevue. The estate is located in Gevrey-Chambertin in the Côte de Nuits and is known for its Grand Cru wines.
The proposed transaction covers around eight hectares of vineyards, largely in leading appellations including Chambertin, Chambertin-Clos de Bèze and Chapelle-Chambertin. The agreement remains subject to final documentation and customary approvals, according to Entrevue.
Extending beyond Champagne
Founded in 1776 and based in Reims, Louis Roederer farms around 250 hectares of vineyards, with a significant share certified organic. In recent years, the group has pursued a strategy aimed at diversifying beyond its core champagne production.
Through its Roederer Collection, the company already includes several wine estates as well as interests in distribution and luxury hospitality, according to Entrevue. Financial details of the potential acquisition have not been disclosed.
In a statement shared with the drinks business, a Louis Roederer spokesperson said: “This transaction forms part of the family-owned group’s long-term ambition to bring together, alongside Louis Roederer, exceptional wines and estates, while fully respecting their history, identity and deep roots within the world’s greatest wine-growing terroirs.
“Domaine Pierre Damoy is built around an exceptional vineyard heritage of nearly eight hectares of Grand Cru sites, primarily located in the Côte de Nuits appellations of Chambertin, Chambertin-Clos de Bèze and Chapelle-Chambertin.
“The completion of the transaction remains subject to the execution of definitive agreements and to the fulfilment of the customary conditions precedent.”
Context from earlier activity
This direction has been visible for some time. As reported by the drinks business in June 2021, Louis Roederer has also explored still wine production within Champagne, releasing Côteaux Champenois wines under the Hommage à Camille label.
Those wines, produced from carefully selected vineyard plots, were intended to explore terroir expression beyond sparkling formats, according to the drinks business. The project involved specific vineyard plantings and adjustments to viticulture to produce still wines suited to the region’s evolving conditions.
Information from The Drinks Business
