KOREASCHOLAR

ARE BURGUNDY WINES TOO CHEAP? AN INVESTIGATION ON LAND PRICES, RENT PRICES, TENANT FARMING AND WINE PRICE

LECAT Benoît, CHAPUIS Claude, BROUARD Joelle, BIZOT Jean-Yves
  • LanguageENG
  • URLhttp://db.koreascholar.com/Article/Detail/298794
Global Fashion Management Conference
2015 Global Fashion Management Conference at Florence (2015.06)
p.878
글로벌지식마케팅경영학회 (Global Alliance of Marketing & Management Associations)
Abstract

The purpose of this research is to study the evolution of the price of Burgundy wines and to try to identify the reasons for such an evolution. Land prices, rent prices and wine prices in Burgundy will be analysed over the last decades. In terms of results, the price of wine in Burgundy has been observed to rise drastically in recent years as well as the evolution of land and rent prices. A better comprehension of price variations could help wine companies manage their long term profitability, especially if land were considered as an investment (and therefore, part of the company). As a recommendation, marketing tools but also training should be used by craftsmen to build, promote and distribute strong brands in order to remain on the market but also to attract major agents and importers and be distributed worldwide.

Author
  • LECAT Benoît(Burgundy School of Business, France)
  • CHAPUIS Claude(Burgundy School of Business, France)
  • BROUARD Joelle(Burgundy School of Business, France)
  • BIZOT Jean-Yves(Université de Bourgogne, France)