Would you invest in Hungarian champagne? Here is the opportunity, buy a factory!
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Hungary’s second-oldest champagne factory, the 150-year-old Littke Palace in Pécs, is offered for sale. Here are the details.
After a short break, the factory restarted its operation four years ago and has become widely known for its exceptional French champagnes.
The 150-year-old champagne factory – along with the belonging property – is offered for sale at a purchase price of EUR 5.88 million (~HUF 2.1 billion).
As the Hungarian news portal Napi.hu reports, Littke Palace is the second oldest champagne factories in Hungary, established in 1859. The factory was deprivatized in 1949. The production of champagne in the factory started in 1966. A few years later, the Winery merged with the Villány-Siklós Farm and continued to operate under the name Villány-Mecsekalja Winery. In 1982, the champagne factory produced 11 types of bottle-fermented and 4 types of tank champagne. In 1996, the factory was purchased by a Swedish citizen of Hungarian origin who expanded the company’s activity with viticulture and winemaking, and since 2003 it has operated under the name Cezar Winery Ltd. The company temporarily stopped making champagne in 2015 but restarted its operation two years later.
The name “Champagne” is a protected product and the name can only be used for sparkling wine as defined by the charter of the CICV. It is painful for my eyes to read, especially if you know that they are not laughing with this in France. The correct word is : sparkling wine. I would be a good idea to correct this, because this is not ok!
I can see that this news website is misusing the name “Champagne” in the context of sparkling wine in several articles, I am reporting this.