Michelin Guide Recognizes 94 Burgundy Estates, Nine Awarded Three Bunches
The Michelin Guide has unveiled its first wine selection dedicated to Burgundy, awarding 94 estates with a bunch system modeled after its gastronomic ranking. This initiative marks the Clermont-based group's entry into the structured evaluation of French wines, expanding the guide's editorial presence beyond gastronomy.
In this inaugural edition, nine estates receive three bunches, the maximum distinction of the system. This premier award includes five properties from the Côte de Nuits (Cécile Tremblay, Dugat-Py, Roumier, Domaine de la Romanée-Conti, and Domaine Leroy) and four from the Côte de Beaune (Domaine d'Auvenay, Coche-Dury, Jean-Marc & Thomas Bouley, and Hubert Lamy). These producers are defined by consistent excellence, regardless of the vintage. Notably, Lalou Bize-Leroy stands out as her two estates (Domaine Leroy and Domaine d'Auvenay) are the only ones to place two properties in the three bunch circle, confirming her status as a legendary figure in the region.
Twenty Other Estates Distinguished by Two Bunches
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The selection encompasses 20 estates awarded two bunches, characterized by remarkable quality and consistency within their terroir. These properties are distributed among six in the Côte de Nuits, twelve in the Côte de Beaune, and two in the Côte Chalonnaise, including Dujac (founded in 1968) and Denis Mortet (1956), which are among the historical references of the region. This distribution illustrates the viticultural depth of the territory: Meursault and its surroundings gather several of the greatest white wines of Burgundy, while the Côte Chalonnaise confirms its emergence as a land of great terroirs in its own right.
Sixty-Five Estates Complete the Selection
Thirty-three estates receive one bunch, a distinction reserved for producers crafting particularly successful characterful wines during the best vintages. The Côte de Nuits includes twenty, while the Côte de Beaune counts thirteen. The remaining 32 'selected' estates complete the edition. These properties, chosen for their consistency and the quality of their productions, embody the broad potential of the Burgundy vineyard and offer a representative panorama of its richness. Among these newcomers is Camille Thiriet, established in 2016 from a micro-negotiant in a garage, demonstrating that this selection also welcomes young structures alongside historic houses.
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Context
Period
Period: 9M 2026
Key reported figures
Revenue: 19 175 millions d'euros
Quarterly revenue: 19 175 millions d'euros
Revenue growth: -0,5 %
Guidance from the release
Michelin confirms its full-year guidance, targeting growth in segment operating income at iso-forex and iso-scope compared with 2025, and over €1.6 billion in free cash flow before M&A.
Risks mentioned
Faiblesse persistante de la Première monte, qui fait reculer les volumes pneumatiques du Groupe de 0,8 % à fin septembre, en particulier en Tourisme Camionnette en Europe et en Amérique du Nord (en Chine, les ventes du Groupe progressent sur un marché en recul de 7 %)
Concurrence des pneumatiques importés à bas prix, notamment d'Asie, qui pèse sur les marques Tier 2 en Amérique du Nord, Tier 3 dans les principales régions et sur le Poids lourd en Amérique du Sud
Faiblesse persistante des Convoyeurs, liée à la prudence des clients miniers en matière de dépenses et à la faiblesse du marché du minerai de fer, notamment en Australie
Opportunities identified
Expansion de Polymer Composite Solutions soutenue par les acquisitions de Cooley Group, Flexitallic et TexTech en 2026 (chiffre d'affaires +21,9 % publié, -2,7 % hors effet de périmètre à cause des Convoyeurs)
Activité Mines en croissance, avec des gains de parts de marché, qui compense la pression sur le Hors-la-route (segment Spécialités -0,9 % publié, +0,4 % à périmètre comparable)
Dynamique positive de la marque MICHELIN en Remplacement avec volume de +4% en fin septembre
Outlook / guidance
Management commentary: Michelin confirms its full-year guidance, targeting growth in segment operating income at iso-forex and iso-scope compared with 2025, and over €1.6 billion in free cash flow before M&A.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
