BORDEAUX WINE INDUSTRY RALLIES TO SURVIVE IN US
By SUZANNE MUSTACICH
BORDEAUX, France — Bordeaux vintners and merchants are rallying to survive in a thirsty but tumultuous US market after their biggest customer there defected.
US importer Chateau & Estate Wines (DC&E), a subsidiary of UK drinks giant Diageo, last year ended a 35-year relationship with Bordeaux fine wine and began aggressively liquidating tens of millions of dollars’ worth of stock at 40 to 60 percent discounts. (suite…)