The struggling Bordeaux wines sector has received a further setback with news that trader Européenne des Vins et des Alcools has been wound-up with liabilities estimated of around €3.5m.
 
The company, which had a 2002 turnover of just over 24 million euros, sold lower-end of the-market stock to leading traders, purchasing most of it in bulk from co-operative groups.

The Européenne's bankruptcy is set to have repercussions for the local winemaking community with the trader said to have up to 60 creditors of which 11 are each owed in excess of €100,000.