Monday, August 8, 2022

Who runs Mondo Bongo? Brad Pitt takes a big hit over French winery in Angelina Jolie trial

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Last month, Brad Pitt requested a jury trial against Angelina Jolie for claiming she sold half her stake in her wine company, Château Miraval

Angelina Jolie has won a major victory in her battle against ex-husband Brad Pitt over Chateau Miraval winery – a 1,000 hectare vineyard in southern France. Jolie and Pitt acquired a controlling interest in Château Miraval in 2008 and married there in 2014. Despite the divorce, the pair continued to work together at Miraval, a wine label made from grapes grown on the property and known for its rosé.

However, Jolie sold her stake in Chateau Miraval in October 2021 to Tenute del Mondo, the Stoli Group’s wine division indirectly owned and controlled by Yuri Shefler, the Russian oligarch who runs the Stoli Group and its flagship Vodka, Stolichnaya, has come under criticism during this nation’s invasion of Ukraine. Pitt described it as a “hostile third-party competitor bent on taking control of Miraval” in court documents filed June 3 last month in Los Angeles County Superior Court. on him” by selling her shares in her company. In February of this year, Pitt filed a lawsuit against Jolie for selling half the stake.

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Who runs Mondo Bongo?

Jolie’s team recently searched for documents from Pitt, his CEO, and his company Mondo Bongo. Pitt’s legal team fought valiantly to have the court exclude the documents and communications from his case. However, on Friday, July 22, a Los Angeles judge, in a swipe at the actor, ruled that Pitt and his partners must turn Jolie’s team lawyers over to them and they cannot wait to appeal the decision. Sources close to Jolie’s business operations told Page Six that Pitt is angry and letting his personal life dictate business matters.

“Any sane person would be happy if Stoli would do it [be a partner in their business. They have top-notch marketing and distribution,” they said, explaining that the firm offers huge opportunities to grow the business. “He just can’t see past his hatred of Jolie.” 

Pitt and Jolie originally purchased shares in Qimicum in 2008. Quimicum is the company that controls Chateau Miraval. At that time, Pitt held 60% of the company and named it Mondo Bongo while Jolie held 40% and named it Nouvel. And, in 2013, according to the court documents, Pitt agreed to have Mondo Bongo transfer some of its shares to Nouvel 2013 in order to even their stakes with an agreement that neither would sell their business interests in Miraval without the other party’s consent. 

A source close to Pitt said told Page Six on Friday, July 22 that the actor wants to reinvest the profits and selling a portion of the company for better distribution is something that he could not allow considering his future plans. Furthermore, the source stated that “the best way for [their children] Preserving value means parents retain full ownership of this increasingly valuable and growing asset.

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