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Suppliers warn of 'very tough' year.

Europe Intelligence Wire

| March 07, 2008 | COPYRIGHT 2008 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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Cost pressures could force some wine companies out of business this year if they are not properly prepared, top suppliers have warned. In an interview with OLN (page 22), Thierry's commercial manager Matthew Dickinson predicted a "very tough" year ahead for importers. "I would expect five to 10 wine companies to go bust," he said. Other suppliers have reflected Dickinson's comments. "I think it is quite serious," said Paul Letheren, director of Yellow Tail supplier ...

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