DistantNews
Support us
New Chapter Opens in Castel Group Leadership Battle Before Geneva Court
🇨🇭 Switzerland /Economy & Trade

New Chapter Opens in Castel Group Leadership Battle Before Geneva Court

From Le Temps · () French

Translated from French, summarized and contextualized by DistantNews.

At a glance

News Sources not specified In the courts
  • A legal battle is unfolding in Geneva over the leadership of the French Castel group, a major wine producer.
  • The dispute pits current CEO Gregory Clerc against Romy Castel and Alain Castel, heirs of the founder.
  • The heirs accuse Clerc of attempting to seize control of the company, which employs over 40,000 people and reported a 6.5 billion euro turnover in 2024.

A fierce power struggle for control of the French Castel group, a global leader in wine production and trading, has escalated to the Geneva courts. The conflict pits the company's current CEO, Gregory Clerc, against two members of the founding family: Romy Castel, daughter of the late founder Pierre Castel, and her cousin Alain Castel.

The heirs allege that Clerc, who took the helm in October 2023, is attempting to appropriate the group for himself. Founded in 1949, the Castel group is a significant player in the wine industry, employing over 40,000 people and generating an estimated 6.5 billion euros in revenue in 2024.

The legal proceedings in Geneva mark a new chapter in the intense battle for leadership. The outcome could significantly impact the future direction and ownership of this major international wine conglomerate, which has been steered by the elder Pierre Castel for decades.

DistantNews Editorial

Originally published by Le Temps in French. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog