A new cooperative group with projected sales of more than €280m is set to be created for the start of 2022 after a merger deal between ‘Centre Vinicole – Champagne Nicolas Feuillatte’ and another large player was finalised, it has been announced.
Nearly 9% of Champagne’s vineyard area will be covered by the merger between Centre Vinicole – Champagne Nicolas Feuillatte and the Coopérative Régionale des Vins de Champagne (CRVC), which includes the Champagne Castelnau label.
A deal was delayed earlier in 2021, but the merger has now been approved by the two companies’ extraordinary general assemblies. It is expected to be effective from 31 December.
Together, the two groups will create a new cooperative, ‘Terroirs et Vignerons de Champagne’, with a projected annual turnover of €287m and volumes of 20m bottles. [read full story at decanter.com]