Nor can Meyers have been comfortable with the complaints from some of the top châteaux of Bordeaux including the Cathiards of Smith-Haut-Lafitte who are personal friends of the Bettencourt-Meyers and furious that clients of 1855 have paid 1855 for cases of their wine which were not delivered.
Meyers may well have been embarrassed when Philippe Castéja, president of the Conseil des Grands Crus Classés en 1855, criticised 1855's 'business' practices in late July 2012. Little wonder that Sylvain Boivert, director of the Conseil greeted the LAVRF news of Meyers' quitting as 'La bonne nouvelle du jour..' (Today's good news story)!
Another factor for Meyers may have been the founding of Abus1855 with the eventual aim of getting 1855 closed down because of its fraudulent practices. Report here on members of Abus1855 picketing a swanky 1855 Champagne function at the Intercontinental in Paris.
1855 has called an EGM for 10.30 Friday 21st December in Paris at the Ibis Hotel Paris Gare du Lyon Ledru Rollin, 41/43 Avenue Ledru Rollin, 75012 Paris to vote on restucturing 1855's junk shares. I assume that members of Abus1855 will be picketing this meeting.
Will Meyers pulling out prove to be terminal for 1855? To lose the support of one of France's leading businessmen cannot be good news despite whatever gloss Fabien Hyon wants to put on Meyers' departure. See Hyon's comments below. It confirms that close association with 1855 can be a truly toxic experience.
I have been asked by Decanter to write a news report based on the news (LAVF – 5.12.12) that Jean-Pierre Meyers is reported to be withdrawing the capital he has invested in 1855.
Could you confirm that M.Meyers is withdrawing his capital?
Also has 1855 been able to find other investors to replace M.Meyers and will 1855 and its associated companies be able to continue to trade without his support and capital?
Although the last time you asked for information, you decided not to take it into account as it did not fit in your "story telling", you may be interested in relating some facts and figures regarding this matter.
1) Jean-Pierre Meyers was not a shareholder of 1855 but a shareholder of the founder's holding.
2) Jean-Pierre Meyers was a minority shareholder of the founder's holding and, consequently, has never been a main source of funding for 1855.
3) Said otherwise, should Jean-Pierre Meyers have been of any type of "guarantee" or some real "source" of fundings, 1855 would have never gone through the tensions that you have witnessed relating Bordeaux Primeurs delayed deliveries.
4) 1855 still benefits from three main sources of fundings :
5) The exit of Jean-Pierre Meyers from the founder's holding has not generated any weakening of the 1855's financial structure. As a matter of fact, it has been an opportunity to reinforce the financial structure of the 1855 group. It is a pleasure to announce that a group of new shareholders has join the founder's holding: they are authentic entrepreneurs, strongly involved in the development of 1855 for the coming years.