Small Burgundy trader, Chartron et Trebuchet, has been placed in administration for a period of six months, French newspaper Les Echos reports.

The company has estimated losses of  €1m from an annual turnover of €4.6m.
Specialised in high-quality wines, particularly whites, the company's financial difficulties stem from  the slump in French wine exports, especially to the US, which represents around  25% of its business.

Discussions are under way to open Chartron et Trebuchet's capital to outside investors. The 13- hectare wine-growing estate owned by the Chartron family is not affected by the bankruptcy filing.