Alto sold
By Christian Eedes, 22 May 2020
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StellenboschNews.com reports that Distell has sold renowned Helderberg property Alto to Germany company LVS Capital, the major shareholder in Ernie Els Wines. Plaisir de Merle remains on the market.
Read Michael Fridjhon on the implications of Distell’s exit from premium wine for the industry here.
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Kevin R | 22 May 2020
Hi Christian,
Did they also buy Stellenzicht? or was it a different entity associated with Ernie Els Wines?
Thank you.
Christian Eedes | 22 May 2020
Hi Kevin, Owners of Ernie Els Wines since 2015 are golfer Ernie Els and Baron Hans von Staff-Reitzenstein, the latter a primary figure in LVS Capital. Stellenzicht was acquired by Ernie Els Wines in 2017: https://winemag.co.za/wine/industry-news/stellenzicht-sold/