Luxury brand Lalique has expanded its portfolio with the acquisition of a 75% stake in Château Lafaurie-Peyraguey vineyards, a renowned sweet Sauternes wine producer located in Bordeaux. The €18 million ($19 million) acquisition will be made from Lalique’s largest shareholder, Chairman Silvio Denz. Château Lafaurie-Peyraguey is ranked as a Premier Grand Cru Classe estate and is located next to the iconic Chateau d’Yquem, which is owned by LVMH. Lalique’s purchase of the vineyard is a strategic move to further enhance its presence in the luxury market.
Lalique already boasts a diverse portfolio, including perfume brands, hotels, restaurants, crystal artworks, and Scotch whisky. This acquisition follows Lalique’s previous deal with Denz in 2021, where the company purchased a majority stake in the Sauternes domain’s chateau, which has since been transformed into a luxurious hotel and Michelin-starred restaurant.
The history of Lalique dates back to its founder, renowned French jeweler Rene Lalique. The company began with the sale of jewelry in Paris in 1888 and expanded to include perfume bottles, glassworks, and interior design. Lalique has been passed down through generations, with Lalique’s son and granddaughter continuing the legacy. In 2008, the business was acquired by Denz’s Art & Fragrance and now operates as the Lalique Group.
In addition to the vineyard acquisition, Lalique Group is also involved in distributing perfume brands such as Bentley, Brioni, Gres, Jaguar, and Lalique itself. The company also owns 50% of the Glenturret distillery in Scotland and operates two exquisite hotels and restaurants, Villa Rene Lalique and Chateau Hochberg, in France’s Alsace region.
The deal between Lalique and Denz is expected to be finalized in December. As part of the agreement, Lalique will issue new shares to Denz, increasing his stake in the company to 53%. This move highlights Lalique’s dedication to strategic partnerships and continuous growth in the luxury market.
The announcement of Lalique’s acquisition has been well-received, with a 6.2% increase in the company’s shares following the news. This acquisition not only adds to Lalique’s prestigious portfolio but also solidifies its position in the world of luxury goods. The brand’s diverse range of offerings and commitment to craftsmanship and quality continue to make Lalique Group a formidable force in the industry.