The story of Pajzos Tokaj began with Jean-Michel Arcaute, a winemaker from Bordeaux. In 1991, the Château Clinet winery in Bordeaux, owned by Arcaute's wife, was bought by the French insurance company GAN. However, the head of the winery remained Arcaute, who was considered the "mad genius" of the wine world at the time. Thanks to him, Tokaj became the main investment target for the GAN insurance company and the CFGVT investor group.