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...village of Margueron, an hour's drive to the east, at Jean Charles' winery just behind the medieval church, the picture couldn't be more different. Charles usually sells his entire output to a local merchant, who bottles and markets it for him. But this year, for the first time, the merchant won't touch the stuff. Stainless-steel vats are filled with thousands of gallons of Cabernet Sauvignon and Merlot from last year's harvest that Charles is frantic to sell at any price to make room for this year's crop. Charles, 58, stands in his courtyard, surrounded...
Marie Courselle knows all too well what he means. Chteau Thieuley, which her grandfather bought in the 1950s and which she now runs with her younger sister Sylvie, used to sell about 30% of its output to big French retailers. Then, two years ago, it received a blunt message: Cut your prices, or we'll cut back on purchases. The Courselles refused, and their hypermarket sales halved. They are now trying to build up a commercial network of their own. That means relying on a handful of merchants to sell into major markets and doing the rest themselves. When...
Most dramatic of all is the perilous situation in Australia. Its output doubled in a decade, and the country is flooded with unsold wine. And unlike France, which pays for unsold wine to be distilled into industrial alcohol, Australia has no government-subsidized buyer to bail wineries out. Mark McKenzie, executive director of the wine-grape growers trade group, says incomes for some growers have fallen 60% in the past two years. "It's as bad as I've seen it in 46 years," says Brian McGuigan, an industry veteran and founder of McGuigan Simeon Wines, the nation's second...
...didn’t even know if he was going to play on Tuesday, because he rolled his ankle in practice...He’s just a very tough, competitive kid.” ODDS ‘N ENDSDawson’s 100-plus rushing yard output marked the 23rd time he has reached that mark....Dawson passed former Princeton tailback Keith Elias for fourth on the all-time Ivy League rushing list....With the win, Harvard ran its streak to nine games....The last time the Crimson tasted defeat was in last year?...
...that, given the time--he has to do at least two pioneering collections a year--and the freedom. "Creativity is the lifeblood of our company," says Robert Polet, CEO of Gucci group. "My CFO doesn't like it when I say this, but I am happier with the output of creativity of all our brands than I am with the bottom line." The pressure to create something new, however, is intensified by the pressure to move the huge corporate machine. Even John Galliano and Jean Paul Gaultier, both radical creative catalysts, have had to conform to the corporate spirit...