France: Moët forces grape prices up
France: Moët forces grape prices up
Sep 24, 2012 6
(Decanter)- In an unprecedented move Moët and Chandon has announced it will be paying 4% more for its grapes this year compared with last. This is in a move to secure supplies as it seeks to increase production as its new facility at Mont Aigu in Oiry opens for business.
‘The leaders of the different houses in the LVMH group – Moët, Veuve Cliquot, Ruinart, Krug and Mercier, have a mandate to pay 4% more than they paid last year, to secure their supplies,’ said CEO Stephane Baschiera.
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