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Jun 29, 2022 · LVMH’s Moet Hennessy division on Wednesday announced it has acquired California wine-maker Joseph Phelps Vineyards. The deal delivers Moet one of the best-known California wine makers, famous ...
Jun 30, 2022 · Briana Maria Photography. Phelps was founded in 1973 by its namesake, Joseph Phelps, and now produces about 750,000 bottles of wine a year. Its high-end Insignia blend sells for at least $250 per ...
- Tori Latham
Jun 30, 2022 · It already owns the prestigious Newton Vineyard in Napa Valley’s Spring Mountain AVA, and it has now bolstered its Californian range with the Joseph Phelps Vineyards purchase. LVMH’s aim is to serve the manifold ‘moments of consumption’, from aperitifs and Champagne receptions to fine dining, bars, clubs and cocktails.
Jun 30, 2022 · 30 June 2022 By Louis Thomas. This week marked the beginning “a new chapter” for Napa Valley’s Joseph Phelps Vineyards, the Phelps family said, following the sale of the estate to LVMH. For ...
Jun 29, 2022 · French luxury conglomerate Moet Hennessy Louis Vuitton (LVMH) has acquired Joseph Phelps Vineyards, a leading Napa Valley winery. This marks the fourth Napa winery for LVMH, which also owns ...
- Esther Mobley
- Senior Wine Critic
Jun 29, 2022 · Phelps has produced iconic wines for nearly 50 years in Napa and Sonoma counties, and is best known for its premium Insignia brand, which sells for about $250 a bottle, and helped popularize ...
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Jun 29, 2022 · Mitch Frank. Jun 29, 2022. Another Napa wine icon is changing hands. Wine Spectator has learned that LVMH Moët Hennessy, the global wine and fashion titan, has signed a deal to purchase Joseph Phelps Vineyards. The agreement includes the brand, winery and inventory, as well as 500 acres of vines in Napa Valley and Sonoma County.