AXA Millésimes and the Dotzler family have announced the purchase by AXA Millésimes of Outpost Wines, based near Angwin, on the higher slopes of Howell Mountain in Napa Valley.

Wine investors would have lost £35,000 last Friday if they sold one case of each Bordeaux’s first growth chateaux for the five years from 2009, The Wall Street Journal's Will Lyons said at a debate on the future of Bordeaux en primeur, at the London Wine Fair last Monday (June 2).