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After years of waiting and being a neglected business partner, Angelina Jolie is taking formal steps to sell her share of the French wine company she created with ex-husband Brad Pitt before they got married.
She filed the court papers, stating that her divorce from Brad Pitt hinders her from working comfortably with him as a business partner.
Angelina Jolie Requests To Sell Shares Of Her And Brad Pitt’s Wine Venture
After reaching a settlement over a few years-long custody battle involving Angelina Jolie and Brad Pitt, the former couple are now butting heads over their shared winery.
Jolie’s attorneys are requesting that any Automatic Temporary Restraining Orders (ATROs) keeping Jolie from selling Nouvel, LLC, which she separately acquired before her marriage, be lifted, according to the July 6 court document obtained by E! News.
Jolie’s lawyer explained that Jolie’s Nouvel company and Pitt’s Mondo Bongo LLC are equal shareholders in a Luxembourg company that has ownership interests in the Chateau Miraval estate in France, as well as a winery business under SNC Miraval Provence.
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According to the actress’ attorney, “the parties’ divorce altered the parties’ ability to work together as business partners,” and it led to Jolie discussing the possibility of selling her interest to Brad Pitt for the last two years, but the discussions have ended. The filing stated that the ex-couple couldn’t reach an “agreement” on the price of the buyout and non-compete and non-disparagement arrangements.
Jolie’s lawyer said that she went ahead and explored third party sales and currently has an offer on the table. He stated that the “sale opportunity” only “arose only after lengthy and unsuccessful negotiations by [Jolie] to extricate herself from being a disregarded business partner with her ex-husband.”
The deal hit a snag as the buyer could possibly pull out of the sale, “unless [Jolie] immediately signs an Exclusivity Agreement to sell Nouvel,” and to do that, she needs the restraining order lifted.
“Unless the ATROs are immediately lifted with respect to the proposed sale of [Jolie’s] membership interest in Nouvel, LLC…” Jolie’s team argues, “the third-party buyer will not be bound to go forward with the sale and [Jolie] will be at [Pitt’s] mercy to control the terms of any disposition of her separate property until such time as this matter comes to trial on the remaining financial issues.”
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Chateau Miraval is not only a financial matter for the former couple, but holds some sentimental value for the pair, as they tied the knot in 2014 at its 1,000-acre vineyard estate. In 2016, she filed for divorce from Brad Pitt, with Brad just receiving joint custody of their children in May 2021.
On June 30, the mom-of-six, 46, filed an ex parte application asking for the removal of the ATROs, but it was denied at the time “for lack of showing of immediate danger/irreparable harm or immediate loss/damage to property.”
Her lawyer stresses that it’s urgent that she obtains her request, as she needs to sign the Exclusivity Agreement, promising not to “shop the deal” elsewhere.
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