Chateau d'Avize

History

2023: 'Abrau-Durso' sells Chateau d'Avise 

The largest Russian producer of sparkling wines "Abrau-Durso" refused to own the French champagne house Chateau d'Avize. It was sold back in January 2022, but the deal became known only in March 2023.

As the president of Abrau-Durso Pavel Titov told RBC in early March 2023, in recent years, Abrau-Durso has become more and more difficult to work in France, and the company decided to look for a new investor for Chateau d'Avize. As a result, it was decided to sell the assets to a local investor, he said, without specifying either the name of the buyer or the value of the transaction.

Chateau d'Avize was sold back in January last year, details of the deal unknown

After Abrau-Durso sold Chateau d'Avize to the new owner, the Titov & Fils brand remains with the Titov family, the group's president said. In addition, there was an agreement with the new owner on the further production and import of this wine into Russia, but the head of Abrau-Durso notes that supplies may be difficult due to restrictions on the import of premium wines from the EU.

Champagne farm Chateau d'Avize produces three brands of wines: Foliage, Chateau d'Avize, Titov & Fils ("Titov and Son" from French). The exclusive rights to the Chateau d'Avize trademark were assigned to Societe Du Chateau D'Avize, in December 2022 the company was liquidated. According to the company's website, the wine farm has 2 hectares of vineyards and also produces Foliage organic champagne.

According to RBC in March 2023, land for vineyards in Champagne is sold much more expensive than in other regions of France. In particular, the publication cites data from the French real estate agency Barnes Properties and Chateaux, according to which 1 hectare of vineyards in Champagne will cost 864,000 euros, while in Burgundy and Bordeaux their cost will be 158,700 and 97,600 euros, respectively.^[1]

Notes