Moët Hennessy, the luxury wines and spirits division of LVMH, has added on to its wine portfolio, acquiring Joseph Phelps Vineyards.
Following the closing, the entire Joseph Phelps collection of Napa Valley and Sonoma Coast wines will be available to Moët Hennessy consumers. The company plans to maintain Joseph Phelps’ legacy of quality, craftsmanship, entrepreneurship, and sustainability.
Joseph Phelps Vineyards was founded in 1973 by its namesake and began producing Insignia — the red blend in the exclusive Bordeaux style of California — just a year later. Insignia is critically acclaimed, a four-time winner of the Robert Parker Wine Advocate's perfect 100-point scores for the 1991, 1997, 2002, and 2007 vintages.
Joseph Phelps Vineyards consists of 200 hectares of its own vines spread over eleven vineyards in the Napa Valley and 30 hectares spread over two vineyards in Sonoma Valley.
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Philippe Schaus, chairman and CEO of Moët Hennessy stated the company will continue the journey initiated by the founder of Joseph Phelps Vineyards, respecting his heritage and vision and supporting the brand’s growth with Moët Hennessy’s global distribution organization and unique experience with premium, family-owned brands.
"We are delighted and very proud to welcome Joseph Phelps Vineyards to our portfolio of luxury wines and spirits,” Schaus added.
"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,” said The Phelps Family. “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 Moët Hennessy will build on our family's legacy well into the future.”
“During our discussions with Moët 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," they added.