January 11, 2016

BREAKING NEWS: Carmel Wines Acquired by Group of Jewish Investors

Rishon LeZion - Kosher Today has learned that Carmel Wines, one of Israel’s largest and oldest wineries was acquired by a group of well-known Jewish investors and philanthropists that include Michael Jesselson, Leo Noe (London) and Jay Schottenstein. The amount of the sale could not be immediately determined. In the US, Royal Wines is its chief importer and distributor. According to the Carmel Website, Carmel Winery is the historic winery of Israel. It was founded in 1882 by Baron Edmond de Rothschild, owner of Chateau Lafite in Bordeaux. Carmel owns the two largest wineries in Israel, at Rishon Le Zion, south of Tel Aviv and at Zichron Yaacov, south of Haifa. Each has deep underground cellars built by Rothschild in the 19th century. Carmel also has two small, state-of-the-art wineries close to key vineyards, to allow production of small quantities of handcrafted wines. These are Kayoumi Winery, situated in the Upper Galilee, and Yatir Winery, in the northeastern Negev. The story of Carmel represents the story of Israel, and the recent developments of Carmel’s wines, symbolizes the revolution of Israeli wine in recent years.