France: Rauzan Segla owners buy second Saint Emilion estate

Jun 19, 2011

The Wertheimer family, owners of luxury goods house Chanel, and Chateau Rauzan Segla in Margaux, have bought the estate neighbouring their classified Saint Emilion property Chateau Canon. The 12-hectare Chateau Matras, also a classified growth, was purchased for €8m, in a deal that valued the land at €600,000 per hectare. Rauzan Segla director John Kolasa said of the deal, ‘Canon has been undergoing extensive re-organisation for the past 15 years which means that eventually all of our 22 hectares will be used to produce our premium wine.

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