Jacky Lorenzetti, Bordeaux wine and property tycoon has become the co-owner of Château d’Issan in Margaux, along with Emmanuel Cruse.
Château d’Issan the 1855 third growth has been under Cruse family ownership since 1945, initially bought by Emmanuel Cruse’s grandfather, who equally divided the estate between his two sons Roland and Lionel. It is Roland’s descendants who have made the recent transaction.
Jacky Lorenzetti who already owns Château Lilian Ladouys in Saint Estephe and 5th growth Château Pédesclaux in Pauillac, is confirmed to have acquired 50% of the capital of Issan.
Emmanuel Cruse will continue to act as managing director at Issan as well as at Lilian Ladouys and Pédesclaux, where he has consulted for the past few years.
Cruse confirmed that: ‘Nothing will change with the day-to-day running of Issan, but it is a positive move, and will enable me to work alongside a shareholder who has equal belief in my strategy, and who has a vision to push things forward, not just for Issan but for all of his estates,’. He was also quoted as saying: ‘It is always a shame when there are difficulties within families, but at least this has now been resolved smoothly for both sides,’.
Evidentially this can only be viewed as a positive development for the Château.