Boisset Acquires Artesa as History Repeats Itself in California Wine
The deal adds 350 acres and a pyramid-shaped winery as Boisset expands Napa holdings during a period of weak U.S. wine sales.
- France-Born Boisset acquired the Artesa winery from Ravent Codorn, expanding his Napa Valley portfolio with the 350-acre property featuring a distinctive pyramid-shaped winery and 155 acres of planted vineyards.
- Ravent Codorn initiated this sale as part of plans to slash its brand portfolio while the wine industry contends with excess inventory and a 2% volume decline in 2025.
- Separately, Family-owned Stonier Wines purchased Seppelt Wines from Treasury Wine Estates, which is reducing its portfolio from 76 wine brands to fewer than 30 as part of a broader cost-cutting strategy.
- Stonier chief executive officer Aaron Drummond confirmed production will resume at the Great Western winery, dormant since 2014, with plans to utilize historic underground cellars for sparkling wine storage.
- Despite the wine industry facing what Drummond called the "toughest cycle" in decades, he remains optimistic about premium wine growth, focusing on quality over quantity to compete globally.
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14 Articles
Raventós Codorníu has sold to the owner of the Boisset Group, Jean-Charles Boisset, his winery of Crafts Winery located in the designation of origin Los Carneros, in Napa Valley (California, USA), as reported this Thursday in a statement.Sources of Raventós Codorníu have framed the sale of Crafts Winery in a strategy to simplify its structure and ... Continue reading "Raventós Codorníu sells to Jean-Charles Boisset its winery Crafts Winery in Ca…
The company wants to focus its investments in Spain and Argentina
The divestment is part of the review of the group's portfolio, which seeks to concentrate resources in Spain and Argentina after achieving record figures
Raventós Codorníu has sold Artesa Winery , its winery in California, to Jean-Charles Boisset, owner of the Boisset Collection. The company announced, of which it has not communicated the price, in the same week in which its CEO, Sergio Fuster, explained in Barcelona that the group reviews its portfolio of wineries and studies both acquisitions and punctual divestments.Artesa is located in Los Carneros, within Napa Valley. Founded in 1991 under t…
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