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Jan 15, 2013 07:24 AM

Champagne supplier goes into the equivalent of Chapter 11

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  1. It's bound to happen -- champagne prices are down, there's been a couple of really crappy seasons, weather-wise, the economy is tough, and they're trying to be the bottom dollar on an everyday basis, then getting beat up mercilessly by the retailers for more concessions.

    This is not a recipe for success.