Denz Acquires Wine Estate Lafaurie-Peyraguey From GDF

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Silvio Denz, chairman of Swiss perfume and cosmetics maker Art & Fragrance SA, bought Sauternes wine estate Chateau Lafaurie-Peyraguey from French energy company GDF Suez to add to his winery holdings in the Bordeaux region.

The estate, ranked as a Sauternes first growth in the 1855 classification for the sweet white dessert wine, covers 36 hectares (89 acres) and is situated in the commune of Bommes, according to an e-mailed statement from Denz.