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From an article by Suzanne Mustacich (AFP) November 8, 2009
"US importer Diageo Chateau & Estate Wines (DC&E), a subsidiary of the British drinks giant Diageo, has abandoned Bordeaux wine after 35 years, aggressively liquidating its warehouse stock on an already shaky market.
Speaking to AFP, a source within DC&E, who asked to remain anonymous, blamed "enormous stocks" of unsold Bordeaux for their exodus. "It's all about making money. The margins are getting thinner each year and Americans are trading down.""
Stayed tuned for emerging information on how the global wine crisis is affecting Spain, Spanish wines, Spanish bodegas and Spanish grape growers.
And have a look at this:
About the author
Gerry Dawes was awarded Spain's prestigious Premio Nacional de Gastronomía (National Gastronomy Award) in 2003. He writes and speaks frequently on Spanish wine and gastronomy and leads gastronomy, wine and cultural tours to Spain. He was a finalist for the 2001 James Beard Foundation's Journalism Award for Best Magazine Writing on Wine, won The Cava Institute's First Prize for Journalism for his article on cava in 2004, was awarded the CineGourLand prize in 2009 and received the Association of Food Journalists 2009 Second Prize for Best Food Feature in a Magazine for his Food Arts article, a retrospective piece about Catalan star chef, Ferran Adrià.
Gerry Dawes can be reached at firstname.lastname@example.org; Alternate e-mail (use only if your e-mail to AOL is rejected): email@example.com