Stoli Group Becomes 50/50 Partner With Brad Pitt In Chateau Miraval
Stoli Group subsidiary Tenute del Mondo has acquired a 50% stake in Provence winery Chateau Miraval from actress Angelina Jolie for an undisclosed sum. That makes the drinks group a 50/50 partner with Brad Pitt, Jolie’s ex-husband and former partner in the winery.
Miraval, which is handled by Vineyard Brands in the U.S., recently earned an Impact “Hot Prospect” award after rising 17.4% to just under 150,000 cases in the U.S. market last year. The chateau in Correns, France sits on 400 hectares (988 acres) and was acquired by Pitt and Jolie in 2012 for an estimated $60 million. It was said to be worth about €140 million ($162m) currently.
Tenute del Mondo now adds the 50% interest in Miraval to its existing holdings. The company owns Argentina’s Achaval Ferrer and Spain’s Arínzano, and is also co-owner (with the Frescobaldi family) of Italian icons Masseto, Ornellaia, Luce, and CastelGiocondo. Stoli Group CEO Damian McKinney said the company has long admired the Miraval brand, adding, “We are thrilled to have a position alongside Brad Pitt as curators of their extraordinary vintages.”—Daniel Marsteller