Brad Pitt and Angelina Jolie agree on out of court settlement of $350 million French vineyard
Brad Pitt and Angelina Jolie have decided to take their legal battle over a French vineyard out of court after a long and bitter divorce in living memory.
Pitt was accused of bullying and illegal behavior over the vineyard they co-owned, it can be revealed that peace — yes, peace — could at last be on the horizon.
Both Pitt, 59, and Jolie, 48, have agreed to mediation which could settle the wrangles.
Documents filed last week in the vineyard dispute show that both stars have agreed to mediation as an alternative method of dispute resolution over Chateau Miraval — rather than the matter going to court.
Jolie has also said that she’s willing to take part in a settlement conference.
Angelina Jolie and Brad Pitt at the Cannes Film Festival on May 24, 2007
Chateau Miraval – which is now valued at $164million – is where the couple tied the knot in 2014
What’s more, it can be revealed that Pitt has appointed a ‘provisional administrator’ to Chateau Miraval in a bid to resolve the war between himself and the Russians Jolie sold her share of the vineyard.
That transaction sparked the current imbroglio.
The move, at Pitt’s suggestion, aims to protect the highly successful wine business which he has helped to build, in conjunction with French wine-makers Famille Perrin.
It will see an independent figure come in to assess the winery and how it is run and (it is hoped), in time, facilitate negotiations between Pitt and Nouvel — the investment company his ex sold to Stoli boss Yuri Shefler.
A French source confirms the move, saying: ‘In view of the dispute between Nouvel LLC (controlled by Stoli boss Yuri Shefler) and Mondo Bongo LLC (controlled by Brad Pitt), Chateau Miraval and its director have requested and obtained the appointment of a provisional administrator by the Draguignan (France) Commercial Court, to enable the company and its director to continue to grow the business and its essential partnership with the Perrin Family until such dispute is resolved, in the interests of Château Miraval, its directors, employees, partners and subsidiaries.’
Pitt and Jolie purchased Chateau Miraval, a 1300-acre estate in the south of France, in 2008.
