Chinese investment continues in Bordeaux with sale of négociant GRM
Bordeaux négociant GRM was sold to the co-founder of Hong Kong based Qeelin Jewellery and two Chinese investors.
Guillaume Brochard, co-founder of the Hong Kong-based Qeelin Jewellery, together with ‘two Chinese entrepreneurs’ purchased Pineuilh-based négociant GRM for an undisclosed amount.
Guillaume Brochard is now the majority holder of GRM, the company told DecanterChina.com.
The backgrounds of the two mainland Chinese investors have not yet been disclosed. An unnamed trade source told DecanterChina.com that one of the two investors is ‘one of the founding fathers of the hospitality industry’ in China.
The move came two weeks after Alibaba founder Jack Ma’s purchase of Château de Sours, and is the third purchase related to the Bordeaux wine trade by Chinese investors announced this week.
