The Comte de Ferrand creates a company, the Société Anonyme du Domaine de Mouton d’Armailhacq. The young Baron Philippe de Rothschild becomes a minority shareholder then, in 1933, acquires all the shares in return for a life annuity for the Comte de Ferrand. A year later, on the latter’s death, Baron Philippe becomes the effective owner of the estate. The Mouton d’Armailhacq portfolio includes the Société Vinicole de Pauillac, forerunner of what is now Baron Philippe de Rothschild SA.

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