Grapes of Wrath for French wine?

Friday, 6 March, 2009
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.

Read on.