Grapes of Wrath for French wine?
06 March 2009 by Business World online
The French wine trade is taking a beating on the domestic front and it could not have come at a worse time.
In Bordeaux, France's most profitable wine region, the global credit crunch have brought sales skidding to a halt. Importers are struggling to find affordable credit lines. Retailers are liquidating stock rather than placing new orders. The 2007 vintage is largely unsold and the 2008 vintage will soon flood the floundering market.
This article has been read 1212 times.
The article above is distributed under a Creative Commons Attribution-Noncommercial-Share Alike License You may copy, re-use or re-print any of this information as long as wine.co.za is quoted as source. Any statements made or opinions expressed are the legal responsibility of the AUTHOR, and do not necessarily reflect the views of WineNet (PTY) Ltd. or its sponsors. 13350