logo
Bordeaux is in crisis – but it's not all bad news for drinkers

Bordeaux is in crisis – but it's not all bad news for drinkers

Yahoo01-03-2025
Reporting from the frontline of gastronomy, the wine guru Oz Clarke posted on social media recently about a Michelin-starred restaurant whose wine list takes in, '200 champagnes; 206 wines from Burgundy and four Bordeaux. FOUR! Bordeaux really has dug a hole for itself. How is it going to dig itself out?'
The anecdote neatly illustrates the crumbling power of the world's largest, and most famous, fine wine region. Bordeaux is in crisis.
The venerated land around the Gironde estuary on France's Atlantic coast is home to fabled names such as Margaux, Petrus and Lafite. Yet, for many wine estates beyond this magic circle – and there are thousands of them – life is currently very difficult.
Bad enough that three of the past four years were beset by rain and mildew, giving growers stress and extra work in the vineyard, then below-average yields, meaning less wine to sell.
The bigger issue, though, is that bordeaux wines have fallen so far from favour that selling them is hard. In the words of one grower: 'There's a lot of gloom about.'
In 2023, exports fell 12 per cent by volume, to 17.3 million cases, and 5.6 per cent by value, to €2.23 billion (around £1.65 billion), according to a report in Decanter magazine. Last year they dropped again, this time 8 per cent by value and 4 per cent by volume.
The Bordeaux wine bureau, the CIVB, quite rightly points out that part of this fall can be attributed to 'a backdrop of persistent international tensions, economic slowdown and inflation. China alone accounts for more than half of the export volumes lost since 2017.'
A global shift towards moderation and a move away from red wine, in particular, has also hurt a region in which the majority (80.5 per cent) of production is red.
But the problems go beyond that. Huge, and complex, Bordeaux finds itself in the eye of a perfect storm. To grasp the picture, it's helpful to consider that there are really two Bordeauxs.
The first, the Bordeaux of wealth and status, comprises a few dozen châteaux whose wines sell for dizzying prices. Even for this gilded set, the market is currently, some privately concede, 'difficult'. The consensus among the merchants who sell expensive bordeaux is that prices have ratcheted too high.
'For me, 2021 was the opportunity to reset the en primeur system [when new wines are sold while still in barrel],' says one seller, who asked to speak anonymously. 'That was a vintage that was not great and prices should have been lower.'
For the rest of Bordeaux, those growing grapes for mid-priced and cheap wine, times are exceptionally tough. In supermarkets, claret in the key £6.50 to £9 price bracket has lost ground to bold, fruity Argentinian malbec, anything red from Chile or Portugal and Italian primitivo.
Morrisons now sells more primitivo in one quarter than it does of Bordeaux Supérieur across the year, according to its wine sourcing manager Charles Paterson. More generally, Bordeaux has not successfully appealed to a new generation of drinkers or to wine nerds who instead explore high-altitude grenache, German pinot noir and so on.
'For many under 40s, bordeaux is not sexy. It's considered a bit leatherback chair, a bit gentleman's club,' says Tim Sykes, who has just completed a 12-year stint as Bordeaux buyer for The Wine Society.
This slowdown in interest has led many Bordeaux property owners to go into administration or sell up. Sykes, 'got calls quite regularly from people who were stopping – grubbing up the vines, selling to a property developer, whatever [and had stock to sell]'.
The CIVB is aware of these problems. Two years ago it confirmed a deal with the French government aimed at reducing oversupply, offering financial support to growers who ripped out vineyards.
As the available grubbing-up budget has not been used, applications for a second wave are still open. Even so, Bordeaux's overall vineyard area today is smaller than it has been since 1985, shrinking from 108,000 hectares in 2022 to 94,600 hectares in 2024.
Most vines approved for pulling up under the government scheme are in the areas of Blaye, Bourg and Entre-Deux-Mers, where a lot of cheaper wines are made, explains Gavin Quinney, a cheerful and energetic Englishman who owns a Bordeaux property, Château Bauduc.
Quinney feels the grubbing-up needs to go further. 'We probably need to lose another 30 per cent of the 94,600 hectares,' he says.
For drinkers, of course, there is a flip side to the doom: the upper echelons might still cost a fortune but mid-priced and inexpensive bordeaux has never been so cheap. I would go further and argue that it is one of the best value wines in the world.
'Bordeaux in the doldrums means there are deals to be done,' says Siobhán Astbury, of merchant Haynes, Hanson & Clark. 'The last five years we've come back from our annual January range-refresh trip rubbing our hands together.
'Each year the opportunities get bigger and bigger,' she continues. 'This year we're shipping 2015 Haut-Médocs – they'll be here in about three weeks – which we will sell at around £15 a bottle, as part of a case. It's incredible to be able to offer fully mature, really delicious wines at this price.'
Drinkers are beginning to catch on. Sykes says Wine Society members – a relatively switched-on crowd – 'go nuts' when some parcels of wine drop: 'My successor in the Bordeaux role bought 1,000 cases of Diane de Belgrave 2016 and they sold out inside three hours.'
Ultimately, of course, Bordeaux needs to be sustainable for its growers, not just drinkers who benefit from distress sales. So what is the answer?
The CIVB says: 'Bordeaux has reinvented itself, and that's what we want to demonstrate and prove.' Clarke, meanwhile, thinks the region needs to remind people that red bordeaux 'is a mealtime classic' and win back the taste makers.
'It's almost as though some sommeliers have a personal vendetta against bordeaux, though the way the pricing of the top châteaux has gone since 2009 it's not surprising,' he notes.
Quinney, whose own wines are listed in Rick Stein's restaurants, sees 'shards of light' in unexpected areas. One of them is white wine: 'No one's pulling white grapevines out.'
Another is crémant – yes, the sparkling white wine. 'Bordeaux made 4.5 million bottles of crémant in 2021 and over 15 million in 2024. We're making it too and it's going well,' says Quinney.
Perhaps it's a case of: bordeaux is dead! Long live bordeaux?
On the high street, look in the Co-op, which has a brilliant range of red bordeaux.
13.5%, £25, Co-op
From a beautiful vintage, and now with a bit of maturity, this is a wine very true to its appellation, in that it's based on cabernet sauvignon, polished (but not too polished) and with notes of dark fruit and cedar.
Look to the Saint-Emilion 'satellites' (they have Saint-Emilion in the name but they're not Saint-Emilion itself) and to the 'Côtes' in particular, Castillon (which neighbours Saint-Emilion) and Francs.
13.5%, £14.50, The Wine Society
Pliant and not too heavy, a wine made almost entirely from merlot, but with a 10 per cent dollop of cabernet franc bringing an attractive perfume. There's no oak.
Find a merchant whose taste is aligned to yours and keep going back. I find a lot to like at Haynes, Hanson & Clark, which veers towards wines with a fresher, more finely delineated feel.
14%, £26.25, Haynes, Hanson & Clark
'I'm often surprised this estate isn't better known,' writes Jane Anson, in her bible, Inside Bordeaux. This vintage is drinking perfectly right now.
Don't write off the very cheap wines. I taste a lot of wine under £6 and bordeaux actually performs very well against the competition.
14%, £5.85, Morrisons
This wine has done so well for Morrisons that the supermarket is actually growing sales of bordeaux.
Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Is Wall Street Bullish or Bearish on Darden Restaurants Stock?
Is Wall Street Bullish or Bearish on Darden Restaurants Stock?

Yahoo

time3 hours ago

  • Yahoo

Is Wall Street Bullish or Bearish on Darden Restaurants Stock?

Orlando, Florida-based Darden Restaurants, Inc. (DRI) owns and operates full-service restaurants. With a market cap of $24.2 billion, the company owns and operates a variety of seafood and Italian restaurants under a multitude of brand names, serving customers in the U.S. and Canada. Shares of this leading full-service restaurant operator have considerably outperformed the broader market over the past year. DRI has gained 43.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 16.4%. In 2025, DRI stock is up 11.1%, surpassing the SPX's 9.7% rise on a YTD basis. More News from Barchart Lyft Generates Huge FCF Margins - LYFT Stock Is Too Cheap Trade the Warren Buffett Rally in UnitedHealth Stock With This High-Reward, Low-Risk Options Strategy Powell, Trump Talks and Other Can't Miss Items this Week Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Zooming in further, DRI's outperformance is also apparent compared to the AdvisorShares Restaurant ETF (EATZ). The exchange-traded fund has gained about 13% over the past year. Moreover, DRI's low double-digit returns on a YTD basis outshine the ETF's 1.9% gains over the same time frame. On Jun. 20, DRI shares closed up more than 1% after reporting its Q4 results. Its adjusted EPS of $2.98 surpassed Wall Street expectations of $2.96. The company's revenue was $3.3 billion, matching Wall Street forecasts. DRI expects full-year adjusted EPS to be $10.50 to $10.70. For fiscal 2026, ending in May 2026, analysts expect DRI's EPS to grow 11.3% to $10.63 on a diluted basis. The company's earnings surprise history is disappointing. It missed the consensus estimate in three of the last four quarters while beating the forecast on another occasion. Among the 28 analysts covering DRI stock, the consensus is a 'Moderate Buy.' That's based on 16 'Strong Buy' ratings, two 'Moderate Buys,' and 10 'Holds.' This configuration is less bearish than three months ago, with one analyst suggesting a 'Moderate Sell.' On Jul. 31, Barclays PLC (BCS) analyst Jeff Bernstein maintained a 'Buy' rating on DRI and set a price target of $255, the Street-high price target, implying a potential upside of 23% from current levels. The mean price target of $234.75 represents a 13.2% premium to DRI's current price levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio

Japanese-French Twin Chefs Bring Kappo Dining to Austin this Fall
Japanese-French Twin Chefs Bring Kappo Dining to Austin this Fall

Eater

time5 hours ago

  • Eater

Japanese-French Twin Chefs Bring Kappo Dining to Austin this Fall

Austin Proper Hotel has announced it will open Kappo Kappo, a 25-seat tasting counter that blends Japanese kappo dining with French culinary techniques later this year. The restaurant will be led by twin brothers Haru and Gohei Kishi, who ran the now-closed Proper Sandos by Kishi pop-up in the same space. Designed by Kelly Wearstler and Proper Hotels, the downtown restaurant will feature charred cypress, stone, and warm millwork in a nod to traditional Japanese craftsmanship. At the heart of the concept is kappo, a Japanese style of dining that translates to 'cut and cook.' Guests sit at a counter while chefs prepare and serve each course in real time, a format that emphasizes seasonality, precision, and intimacy. Kappo Kappo's 11-course menu will spotlight wagyu from both Texas and Japan, seafood sourced directly from Tokyo's Toyosu Market, and produce from local farms. Optional beverage pairings will include sake, wine, beer, and cocktails. The intention was to source all food locally, but the chefs say this isn't possible for certain ingredients, considering the quality they're aiming for. The twin brothers in the kitchen Proper Sandos. Proper Sandos by Kishi 'Seafood from Japan is different — it's more flavorful because the waters around the islands are so nutrient-rich,' Gohei says. 'Rain carries minerals down from the mountains into the sea, and that environment gives the fish an incredible taste.' This is the sort of deep insight into the process that Kappo Kappo will offer diners. The brothers also plan to incorporate omiyage, the Japanese tradition of sending diners home with a small parting gift meant to extend the hospitality of the restaurant. For those unfamiliar with the term, kappo may sound a lot like omakase, but the brothers note that it differs in one key way: intimacy. Rather than leaving everything completely in the chef's hands, guests are invited into the process, able to watch, learn, and interact with chefs as each dish comes together. 'The storytelling component is important,' Haru says. 'When there's meaning behind a dish, it has more impact — it's not just flavor, it's memory.' Born in France to Japanese parents, the brothers say that Kappo Kappo is a natural expression of their upbringing. Gohei pursued a career in Japanese cuisine, while Haru trained in French traditions, including time with Michelin-starred chef Gordon Ramsay. Between them, they bring decades of international experience across Paris, Tokyo, London, Los Angeles, Dubai, and Madrid. Outside of the brief Proper Sandos pop-up, this is the first time the two are cooking side-by-side, professionally at least. While Kappo Kappo will mostly focus on Japanese food, the French element will mainly manifest on the menu in the form of classic techniques. The inspiration for Kappo Kappo emanates from the Kishi brothers' childhoods. 'When we were kids, our parents had a ritual called 'on est bien,' which in French means 'we are good' or 'we feel good,'' Haru says. 'For us, it was about having really good food, really good drinks, and being together in a joyful place. That feeling is what we're bringing forward here.'

Olive Garden brings back beloved menu special — and you get it unlimited, for a cheap price
Olive Garden brings back beloved menu special — and you get it unlimited, for a cheap price

New York Post

time5 hours ago

  • New York Post

Olive Garden brings back beloved menu special — and you get it unlimited, for a cheap price

Olive Garden's fan-favorite menu item, Never Ending Pasta Bowl, is back for a limited time — and at a cheap price. In a time when food prices seem to be constantly rising, Olive Garden is doing its customers a favor by not only bringing back its beloved unlimited pasta promotion — starting Monday, Aug. 25 — the restaurant is also keeping its $13.99 price the same. Reportedly, menu prices at restaurants have increased more than 30% over the past five years, according to the National Restaurant Association — yet the restaurant chain is trying to win over customers by keeping this item's price on the lower side. Advertisement The chain noted on X that prices may vary by location, yet this is the fourth consecutive year the limited promo is being offered at its reasonable price. In case you've been living under a rock, the Never Ending Pasta Bowl, which first debuted in the 1990s, features unlimited pasta, plus unlimited soup or salad and endless breadsticks. Since many people don't like change — Olive Garden is also appeasing fans by keeping many of their classic pasta and sauce combos but spicing things up by throwing in a new Spicy Three-Meat Sauce. Advertisement From Aug. 25 through Nov. 16, customers will be able to mix and match up to 96 possible combinations for their Never Ending Pasta Bowl — talk about really making it your own. 3 The Never Ending Pasta Bowl features unlimited pasta, plus unlimited soup or salad and endless breadsticks. Olive Garden Patrons can also get endless toppings for an additional $4.99, including crispy chicken fritta, meatballs and Italian sausage. Loyal customers who are part of Olive Garden's eClub — yes, that's a thing — can get in on the action early, with access to the beloved pasta bowl starting an entire week early, Monday, Aug. 18. Advertisement 3 Olive Garden's fan-favorite Never Ending Pasta Bowl is making a comeback at the same price of $13.99 starting Monday, Aug. 25. Christopher Sadowski Fans are obviously over the moon excited about this exciting pasta news. 'Holy smokes that is literally a deal!! Coming thru next Monday!' one person said on X. 'See me there every day until it's gone thank you,' another said. Advertisement 'I'll be there tonight for early access of this!' someone declared. 3 From Aug. 25 through Nov. 16, guests will be able to mix and match up to 96 possible combinations for their Never Ending Pasta Bowl. Christopher Sadowski Despite this good news, shockingly, back in April, Olive Garden lost its spot as the top US casual dining restaurant for seven consecutive years to Texas Roadhouse. Following the two chains are Chili's, Applebee's and Buffalo Wild Wings.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store