The High Court of Singapore has dismissed an appeal filed by Castel Group chief executive officer Grégory Clerc against his suspension from the board of directors of Investment Beverage Business Management (IBBM). The Singapore-based entity serves as one of the critical holding companies for the global beverage conglomerate.
The recent court decision upholds a provisional ruling from February 2026, which initially confirmed Clerc's removal following an IBBM shareholder vote. Clerc had legally challenged the validity of this vote (inside.beer, 2026-02-03).
The dispute highlights a deepening internal crisis at the privately held French-African company, pitting the current chief executive against key family members of the company's founder, Pierre Castel. Romy Castel, the founder's only daughter, and Alain Castel, a nephew, have aligned to challenge Clerc's control over the complex corporate structure. A final decision on the merits of the case is expected by late October 2026.
Clerc, who previously served as a tax lawyer for Pierre Castel, assumed the role of CEO in 2023. The operational structure of the beverage group ultimately leads to the Luxembourg-based DF Holding, which oversees the three main divisions: Castel Vins, Castel Afrique, and the agro-industrial subsidiary Somdia. Clerc's suspension from the Singapore board represents a significant procedural setback in the cross-border struggle for control of these entities.
Founded in 1949, the company is a major global producer and distributor of wine, beer, and soft drinks, holding the position of market leader in several African countries. The group reported a revenue of EUR 6.5 billion in 2024 and employs approximately 40,000 people worldwide. It controls numerous well-known brands, including Baron de Lestac and Listel.
