Awards and citations:

1997: Le Prix du Champagne Lanson Noble Cuvée Award for investigations into Champagne for the Millennium investment scams

2001: Le Prix Champagne Lanson Ivory Award for

2011: Vindic d'Or MMXI – 'Meilleur blog anti-1855'

2011: Robert M. Parker, Jnr: ‘This blogger...’:

2012: Born Digital Wine Awards: No Pay No Jay – best investigative wine story

2012: International Wine Challenge – Personality of the Year Award

Tuesday, 29 October 2013

ChâteauOnline, a subsidiary of Héraclés (1855) in administration

 Shares in Héraclés have now fallen to 0.04€ 

On 22nd October 2013 ChâteauOnline, a subsidiary of Héraclés (1855) which was bought by the group in March 2011, also went into administration. Like 1855, ChâteauOnline had recently changed its name to Arès, the Greek god of war. Clearly, the change to a classic heroic name, wasn’t sufficient to provide protection from its creditors and the various legal actions against it.

In the first instance the period of administration is for six months. For Héraclés this will run until 7th April 2014, while Ares will be until 22nd April 2014. Gérard Philippot has been appointed administrator and Maître Stéphane GORRIAS of BTSG (Paris) as legal representative of both companies.

The internet sites of the various companies continue to be live and it remains to seen whether the other subsidiary companies  – Cave Privée and Caves de la Transat – will also go into administration.

Shares in 1855 (recently renamed Héraclés) continue to be traded on the Paris Bourse but the price has dropped from 0.09€ (8.10.13) a share to 0.04€ (29.10.13). The company is now valued at just 2.52 million euros. In early July 2012 the company's share capital was worth 20.15€ million. Even six months ago a share was trading at 0.13€. Over this period the share value has dropped by 66.67%.

   The Chateauonline site is still up but 
why take the risk of buying from a collapsing group? 

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