Word: landing
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Redefining the land won't give winemakers "any more oxygen right now," says Stephen Leroux, marketing director for Bollinger. To handle any potential shortfalls, the INAO is requiring that winegrowers set aside some of their yield when harvests are good. Ordinary champagne can be sold 15 months after harvest; vintage champagne, say, a Pol Roger Cuvée Sir Winston Churchill ($180 for the '96) must age at least three years, and a Bollinger Champagne Grande Année ($110 for the '97) must age at least five years...
...Oregon University. "With such temperatures you could make a Burgundy or Bordeaux, rather than champagne," he says. Today southern England has roughly the same climate that Champagne did 25 years ago--and the same chalky soil in those famous white cliffs of Dover. French champagne houses are sniffing out land in England while it's still selling at a comparative discount to Champagne...
...LAND DEALS...
Percentage of Texas land protected on the state or federal level...
Before Travelers, Weill had built a small New York brokerage firm into the second biggest in the land, Shearson Loeb Rhoades, which he sold to American Express in 1981. Boxed in at Amex, he quit and later started over with Commercial Credit, a Baltimore consumer-finance company. To that he added Smith Barney, his old firm Shearson, Salomon Brothers and Travelers insurance...