A drop in foreign interest at the French wine regions
The foreign acquisition of the French wine regions decreased between 2011 and 2015, with the exception of the Bordeaux area, where by 2014 significant Chinese investments have been made – the Vinea, an expert on French wine-ownership transactions announced on Wednesday.
Two percent of the French wine regions are now foreign-owned. According to Vinea, the investments have dropped due to the economic crisis, the euro exchange rate and due to the deterioration in France's image.
90 percent of the foreign-owned vineyards can be found near Bordeaux and the Mediterranean coast: 41 percent (193 estates) in Bordeaux and around, 18 percent (84 Vineyards) in the Languedoc-Roussillon region, 13 percent (62 estates) in Provence, 11 percent in the Rhone valley and 7 percent in the south-western part of the country. (MTI)
Related news
Leaving the negative period behind
According to the data by IWSR, 2.57 million hectolitres of…
Read more >This year’s Wine Producer of the Year will be selected from among them
The nomination phase for the 2024 Wine Producer of the…
Read more >Hungarian success in the ranking of the world’s best wineries: Szepsy Cellar is in 43rd place
The World’s Best Vineyards ranking was also published in 2024,…
Read more >Related news
Quick commerce booms in India as consumers seek faster deliveries
The demand is particularly high amongst younger consumers. Quick commerce…
Read more >REWE Group Revamps Digital Loyalty Programmes
REWE Group has announced a new format for its digital…
Read more >Lactalis to close factory in Zambia
The dairy group has cited “market dynamics”, according to a…
Read more >