Posts tagged with "Superior Court of Los Angeles County"

Angelina Jolie sells stake in French wine estate, capping fight with Brad Pitt over Miraval

October 7, 2021

Actress Angelina Jolie has sold her stake in a French château and winery business to a third party—capping a yearslong fight in which she and ex-husband Brad Pitt battled over the future of their assets, reports The Wall Steet Journal.

The couple bought the Château Miraval estate in southern France in 2008, and they were married there in 2014. While the two have since divorced; they both retained equal ownership of the estate and the wine brand Miravalknown for its rosé.

Jolie in July sought to lift temporary restraining orders put in place during the couple’s divorce proceedings, which would allow her to sell her half of the estate. A declaration filed by one of her lawyers in Superior Court of Los Angeles County said she wanted to remove herself from being a “disregarded business partner with her ex-husband,” according to court documents.

Tenute del Mondo, the third party that acquired Jolie’s 50% stake, is a wine division and subsidiary of Luxembourg-based Stoli Group. It co-owns wines brands, including Luce and Masseto, with the Frescobaldi family.

Terms of the deal, announced on Tuesday, October 5, weren’t disclosed. A legal representative for Jolie didn’t respond to a request for comment. A representative for Pitt didn’t have an immediate comment.

Pitt will keep his stake in the estate, according to a spokesperson for Stoli Group.

Research contact: @WSJ