Word: chandon
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Dates: during 1990-1999
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...school spirit that "normal" colleges experience, we have one word: BORING! If ass-numbing cold and nosebleed seats will fullfill you, then Harvard/Yale is for you, chump. (P.S., don't think that the tailgate party out the back of the Mercedes M-class is for you; the Moet & Chandon is legit and so are watercrackers. Only alums actually get piece this weekend...
...only prices are being cut. Despite almost $60 million in profits last year on turnover of around $460 million, Moet & Chandon, the largest producer, announced last May that 245 employees would be laid off for economic reasons -- the first time in living memory that the industry had shrunk its work force. Then, in June, Moet Hennessy Louis Vuitton, which owns Moet, announced 457 layoffs. An employee backlash has since forced the producers to rethink their cost-cutting strategy, and a regional labor court ruled in August that employees cannot be fired summarily. But the pressure to reduce costs is still...
...says Roland Vella, who manages a Nicolas liquor store on the Rue Rambuteau in Paris. Instead of paying the usual $26.50 for a bottle of Mumm's top-of-the-line Cordon Rouge, Vella's customers can buy one for $23.70. Anticipating this year's 250th company anniversary, Moet & Chandon last year even offered two free champagne glasses to anyone who bought two bottles of medium-priced Brut Imperial. Less expensive brands are also being heavily discounted, with the result that sales are showing signs of recovery -- perhaps as much as a 6.7% increase for the first half...
...Raymond Vineyard, Sonoma's Chateau St. Jean and Firestone (near Santa Barbara) -- all premium labels -- are owned in whole or part by Japanese interests. Beaulieu, Inglenook and Christian Bros. in Napa County are subsidiaries of the British conglomerate Grand Metropolitan. Most of the major French champagne producers, including Moet & Chandon, Mumm, Louis Roederer and Piper Heidsieck, have subsidiaries turning out California sparklers...
...like to ring in the New Year with Dom Perignon may have to make do with his cheaper relations from California or Spain. As the holidays arrive, champagne prices are expected to start popping like corks. American consumers, who now pay about $24 for a bottle of nonvintage Moet & Chandon or Taittinger, may have to spend $30 or more this season. A combination of forces is to blame: the weak U.S. dollar, an April frost in France's Champagne region and an effort by vintners to increase profits. During the past decade, French champagne producers pitched their product...