Miche­lin buys a stake in in­ter­na­tional fine wine guide

The Star Early Edition - - OPINION & ANALYSIS -

MICHE­LIN, the tyre gi­ant and owner of the Miche­lin gourmet restau­rant guide, has bought a 40 per­cent stake in the Robert Parker Wine Advocate, the fine wine guide of in­flu­en­tial critic Robert Parker.

Parker is con­sid­ered by many within the in­dus­try as the world’s most pow­er­ful wine critic, and Miche­lin said that the ac­qui­si­tion would en­rich the restau­rant guide part of its busi­ness.

The fi­nan­cial terms of the deal were not dis­closed.

Parker, who has had an un­prece­dented im­pact on the world of wine through his 100-point scor­ing sys­tem that can make or break winer­ies, founded the Robert Parker Wine Advocate in 1978. His pub­li­ca­tion pro­duces nearly 40 000 reviews an­nu­ally.

The Robert Parker Wine Advocate and Miche­lin have al­ready been work­ing to­gether since 2016 in Sin­ga­pore, Hong Kong and Ma­cau on up­mar­ket wine and din­ing events. Alexan­dre Taisne, chief ex­ec­u­tive of Miche­lin’s Food and Travel Busi­ness, said: “These ser­vices, which are aimed at cre­at­ing mem­o­rable ex­pe­ri­ences, will be rolled out in Asia, the US and Europe by 2019.”

The ma­jor­ity of the cap­i­tal of Robert Parker Wine Advocate is cur­rently in the hands of Asian in­vestors.

France awarded Robert Parker the Le­gion of Hon­our award in 1999. – Reuters

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