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Champagne supplier goes into the equivalent of Chapter 11

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http://www.decanter.com/news/wine-new...

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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.