Diageo Continues to Affect Bordeaux Prices
mhicken March 22nd, 2010
Interesting story on Bloomberg.com this morning by Elin McCoy on the continuing fallout on Bordeaux prices following Diageo’s withdrawal as the major supplier of Bordeaux to the North American market. Canadian buyers and agents have largely been insulated from the effects of this due to our monopoly distribution systems which do not easily allow market driven price fluctuations. However, I am sure there are many Canadian lovers of Bordeaux who are taking advantage of the situation by buying product south of the border.
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