Pro Version | USD Change Currency | Help | Mobile Site

Pontet-Canet's Tesseron Acquires Cognac Estate

Le Maine Pertubaud, the Cognac estate that's just changed hands
© Jenssen Cognac | Le Maine Pertubaud, the Cognac estate that's just changed hands
Russian fraudster's Cognac domaine snapped up by Alfred Tesseron.

The owner of Pauillac’s Château Pontet-Canet has added a second Cognac estate to his portfolio.

Alfred Tesseron told Wine-Searcher that he had recently taken control of the Jenssen Cognac distillery, plus its 22-hectare Le Maine Pertubaud estate in the prestigious Grande Champagne appellation.

The brand was created by a Norwegian in 2000 and sold to Russian group MMVZ for 3 million euros ($4.1m) in 2005. The group’s owners remained in the shadows, but it was discovered that oligarch Andrei Borodin – Russia’s 117th richest man and the former head of the Bank of Moscow – was the majority owner. Borodin has been charged with fraud and embezzlement of state funds. After he fled Russia, Interpol issued an international warrant for his arrest in November 2011.

Jenssen was on the market for 5 million euros ($6.82m). However, local newspaper Charente Libre reported that the company had failed to post a profit under Russian ownership despite booming sales of Cognac worldwide.

“The house was like an empty shell,” it wrote. “Some actors in the world of Cognac have claimed that Jenssen was being used as a means of diverting capital from Russia to Europe."

In addition to owning fifth-growth estate Pontet-Canet, Alfred Tesseron also heads up his family’s Cognac business Tesseron, which was first established by his grandfather in 1905.

Under Tesseron’s ownership, Jenssen Cognac will be distilled and matured in the Tesseron cellars, “with the aim of ensuring the continued supply of high quality spirit,” he explained.

Signup for our Free Weekly Newsletter

Write Comment

Recent Stories

Malibu the Latest Official U.S. Wine Region

Kurniawan Lawyers Dispute Victims' Claims

Burgundy Vineyards Experiment with Anti-Hail Nets

French Wine Exports to China Remain Strong but Slip Elsewhere

Prosecutors Name More Kurniawan Victims

Wine Writer Award Shortlist Revealed

Kurniawan Sentencing Drags on for Another Week

Sotheby's Targets Online Audience Through eBay

Noval Makes Late Declaration for 2012 Vintage

Insurance, Solidarity and Social Media for Hail Victims

Food and Wine MBA Scholarships Up for Grabs

Comparing the Great Growths of France

Savoie Fizz Joins the Crémant Family

Herbicide Blast Endangers Lodi Vines

Naked Ambition Pays Off for Wine Retailer

Site Map About Contact Business Advertising Social