PR96795

MOET HENNESSY STRENGTHENS ITS GLOBAL PORTFOLIO OF EXCEPTIONAL WINES WITH THE ACQUISITION OF JOSEPH PHELPS VINEYARDS, ONE OF THE MOST RESPECTED AND ACCLAIMED WINE PROPERTIES OF THE NAPA VALLEY IN CALIFORNIA

PARIS and NEW YORK and SAN FRANCISCO, June 30, 2022 /PRNewswire=KYODO JBN/ --

Moet Hennessy, the world leading luxury wines and spirits division of LVMH, is

pleased to announce the addition of Joseph Phelps Vineyards to its portfolio.

This acquisition follows Moet Hennessy's development strategy, which aims to

satisfy its consumers and distribution partners' aspirations with an

increasingly diversified and comprehensive portfolio, adding Houses with strong

values of excellence, craftsmanship and heritage.

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Founded by Joseph Phelps in 1973, the Napa and Sonoma-based wine collection is

one of the most respected and acclaimed in the United States. It has made its

way to the best tables and cellars across the country, and its legendary

Insignia, a Bordeaux-style Napa-grown blend, is considered one of the most

sought-after and desirable fine wines in the world.

Moet Hennessy plans to build on the admirable legacy established by Joseph

Phelps, his children and grandchildren, maintaining the shared values of

quality, craftsmanship, entrepreneurship and a focus on sustainability.

After the closing of the acquisition, the entirety of the Joseph Phelps

collection of exceptional Napa Valley and Sonoma Coast wines will be welcomed

by Moet Hennessy's customers, alongside its outstanding multi-centennial

Champagnes and its growing offer of exceptional still wines from Europe and the

New World.

Philippe Schaus, Chairman and CEO of Moet Hennessy declares: "We are delighted

and very proud to welcome Joseph Phelps Vineyards to our portfolio of luxury

wines and spirits. Through the combination of the wonderful vineyards of Joseph

Phelps, the unrivalled experience and excellence of the Joseph Phelps team, and

the support of our global distribution organization and unique expertise with

premium, family-owned brands, we will continue the wonderful journey initiated

by the founder fifty years ago and pursued by his heirs today. Joseph Phelps

has been to the Napa Valley what Nicolas Ruinart, Mrs Clicquot, Joseph Krug and

Claude Moet were to the Champagne region, and likewise we will continue to

develop this new House in the respect of the founder's heritage and vision."

The Phelps Family commented, "Our father founded Joseph Phelps Vineyards in

1973 with a passion for innovation, an unwavering commitment to quality, and

joie de vivre. Nearly 50 years later, we're proud to have grown from a 600-acre

cattle ranch and early pioneer of the Napa Valley to a critically acclaimed and

internationally known producer of iconic wines. As we plan for the next 50

years, we believe that passing the care of this crown jewel of the Napa Valley

and Sonoma Coast to Moet Hennessy will build on our family's legacy well into

the future. During our discussions with Moet Hennessy, it was abundantly clear

that they value and embrace all of our brilliant and dedicated team members

and, most importantly, are committed to ensuring that our founding mission and

values remain at the heart of Joseph Phelps Vineyards."

About Joseph Phelps Vineyards

Joseph Phelps founded his namesake winery in 1973, and quickly established

himself as a pioneer and creative visionary in the Napa Valley wine industry in

its early days of development. A year later, he started producing Insignia, the

red blend in the exclusive Bordeaux style of California. Since then, Insignia

has been critically acclaimed for its iconic vintages, and four times rewarded

with Robert Parker Wine Advocate's perfect 100-point scores for the 1991, 1997,

2002 and 2007 vintages.

Joseph Phelps Vineyards consists of an estate recognized worldwide for the

quality of all of its wines, with 200 hectares of its own vines spread over

eleven vineyards in the Napa Valley and 30 hectares spread over two vineyards

in Sonoma Valley. With a focus on innovation and commitment to excellence,

Joseph Phelps Vineyards today is synonymous with best-in-class California

winemaking and continues to embody the pioneering spirit and extraordinary

legacy of its founder.

About Moet Hennessy

Moet Hennessy is the wines and spirits division of LVMH, which also holds

renowned wine estates through "LVMH Vins d'Exceptions". Regrouping twenty-five

Maisons, recognized internationally for the richness of their terroirs, the

quality of their products and the craftsmanship with which they are created,

Moet Hennessy has been committed for many years to its environmental and social

program, Living Soils Living Together.  

Ao Yun, Arbeg, Armand de Brignac, Belvedere, Bodega Numanthia, Cape Mentelle,

Chandon, Château d'Esclans, Château Galoupet, Cheval des Andes, Clos19, Cloudy

Bay, Dom Perignon, Eminente, Glenmorangie, Hennessy, Krug, Mercier, Moet &

Chandon, Newton, Ruinart, Terrazas de los Andes, Veuve Clicquot, Volcán de mi

Tierra, Woodinville.

https://www.linkedin.com/company/moethennessy

Contact:

Moet Hennessy

Alain Lavital

Public Relations & Partnerships Director

alavital@moethennessy.com

SOURCE Moet Hennessy