The Rémy Cointreau Group announced last week that it has entered into exclusive negotiations with the Lhopital family to acquire a majority stake in the capital of the Champagne J. de Telmont company.
This family-owned champagne estate was founded in 1912 in Damery, near Epernay, on the slopes of the hills of the Marne Valley. It has been crafting champagnes under the brand “J. de Telmont” for over a century. J. de Telmont is one of the last family-owned estates in Champagne: Pascale Lhopital and Bertrand Lhopital represent the fourth generation of true master craftmen in the art of champagne. Bertrand Lhopital, alongside the Rémy Cointreau Group, will continue working with his team on the upstream side (vineyard/sourcing) and on the champagne production side to perpetuate the estate’s know-how and family tradition.
The scope of the acquisition transaction includes the brands, stocks, production resources and real estate assets of the domain, as well as vineyards in Champagne. This acquisition would enrich Rémy Cointreau’s portfolio of exceptional wines and spirits with a high-end champagne brand that offers significant growth potential overtime, especially on the international market.
The signing of the deeds of acquisition is contingent, in particular, on the statutory process for notifying employees. The transaction, which will be submitted for the administrative authorizations required by laws in force, should be completed in the third quarter of the financial year 2020/21.