The billionaire and financial investor Albert Frère, co-owner of Château Cheval Blanc, has died at the age of 92. Since 1998, he had jointly owned the winery with Bernard Arnault, the majority shareholder of Christian Dior and Chairman of the Supervisory Board of the luxury group LVMH. The purchase price was not made public by them. The daily newspaper "Le Figaro" reported in 2012 that it had amounted to the equivalent of around 150 million euros. In 2008, Frère and Arnault also bought Château Quinault in St. Emilion.
(uka)