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Under the eye of television cameras, the heads of three leading European banks took their places on gilded Louis XV chairs at an oblong marble table in an 18th century Baroque palace. Each man in turn signed a document. Then the trio toasted the occasion in Moët & Chandon champagne-as well they might. Credit Lyonnais of France, Commerzbank of Germany and Banco di Roma of Italy had just joined in a unique accord that one executive described as having "all the advantages of a merger without its inconveniences." The signing brought into being a financial powerhouse with...

Author: /time Magazine | Title: BANKING: Better Than Marriage | 2/1/1971 | See Source »

...twosomes, a large jungle-motif dining area with waiters and waitresses in safari suits, and a plushy retreat opposite the bar-offer a wide-ranging mixture of French and American food. There are hamburgers and hot dogs-and quiche Lorraine and hifsteck tartare as well: Moët et Chandon champagne and Coca-Cola are both on the menu. Empty seats are interdit. "We want Le Drugstore to be a meeting place,'' Caroline Solovei says, "and if there's space at a table, we'll shoehorn another couple-or a single-in. It's terribly...

Author: /time Magazine | Title: Modern Living: Le Drugstore | 11/2/1970 | See Source »

Swimming in Grapes. In the Champagne district, the vines are more bountiful than at any other time in this century. The profusion of Pinot Chardonnay, Pinot Noir and other Champagne grapes sometimes led to confusion among the vintners. Moët and Chandon and Piper-Heidsieck had to rent Marne River barges to store their vinous overflow. Others used abandoned water towers and even swimming pools. Assessments of the size and quality of the grape crop in other wine districts were only slightly less heady. A spokesman for the Institut National des Appellations d'Origine, the industry...

Author: /time Magazine | Title: France: Bread and Wine | 11/2/1970 | See Source »

Like a brooding King Lear, Bernard Cornfeld sat in the forbidding, gray stone, mock medieval Villa Bella Vista on the shores of Lake Geneva. The villa, which used to echo with the pop of Moët et Chandon corks and the giggles and squeals of female employees, was hushed. Every day last week, the 23 directors of Investors Overseas Services Ltd., holding company for Cornfeld's $2 billion European mutual-fund complex, sipped black coffee and mineral water well into the night as they sought a way out of the company's financial crisis. They were trying...

Author: /time Magazine | Title: Mutual Funds: Farewell to Cornfeld | 5/18/1970 | See Source »

...announced his intention to run. In Boston, Correspondent Dave Greenway, collaborating with Bureau Chief Ruth Mehrtens, topped off the close coverage of the campaign by tucking napkin under chin and sharing Edward Brooke's night-be-fore-election "soul food" dinner of pigs' feet and Moet et Chandon champagne. Los Angeles Bureau Chief Marshall Berges, who lives a scant two miles from Ronald Reagan and had followed the candidate's progress for 18 months, did not remember any champagne. "It added up to uncounted cold cups of coffee at airports, box lunches on buses, and in wine...

Author: /time Magazine | Title: A Letter From The Publisher: Nov. 18, 1966 | 11/18/1966 | See Source »

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