Chateau Margaux. Add/Read Comments
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Interesting article on Chateau Margaux and the women who have rescued the world-famous estate - the history and financial troubles.
International Herald Tribune
"Over the years, she had been forced to sell off parts of her stake in the chateau to raise cash. Perhaps her shrewdest move came in 2003, after the Agnelli family of Italy, which had acquired a controlling stake in Margaux in 1991, decided to sell. At a time when Bill Gates and the Duke of Westminster were scouting for choice Bordeaux properties, Mentzelopoulos leaped into action, acquiring the Agnellis' 75 percent share for $440 million, giving her complete ownership."
International Herald Tribune
"Over the years, she had been forced to sell off parts of her stake in the chateau to raise cash. Perhaps her shrewdest move came in 2003, after the Agnelli family of Italy, which had acquired a controlling stake in Margaux in 1991, decided to sell. At a time when Bill Gates and the Duke of Westminster were scouting for choice Bordeaux properties, Mentzelopoulos leaped into action, acquiring the Agnellis' 75 percent share for $440 million, giving her complete ownership."
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