FRANCE: LVMH's Chateau Yquem drops 2012 vintage after poor summer
Poor weather means there will be no 2012 vintage of the prestigious Château d'Yquem - a Sauternes premier cru supérieur.
The LVMH-owned Bordeaux label will write off an estimated EUR20m (US$26.3m) to EUR25m in revenues (from an annual average volume of 100,000 bottles) rather than compromise on quality, the company said yesterday (17 December).
"We did everthing we could but the weather beat us," said estate manager, Pierre Lurton, adding that the 5,000 to 10,000 bottles that perhaps could have been produced would have been "of average quality and not in keeping with Yquem's image as a product of excellence".
The last time Yquem missed a vintage was in 1992.
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