Chateau Phelan Segur, an estate in Bordeaux’s Saint-Estephe region, will seek to hold prices for its 2013 vintage stable after saying it has produced wine of similar quality to the previous two years with lower yields.
Siemens AG plans deals with software makers to plug technology gaps in its service business this year as Europe’s largest engineering company seeks to accelerate revenue growth from Web-connected factories.
Nelly, the Swedish online fashion retailer with 1,000 brands, said sales of its own labels will grow to account for as much as 40 percent of total revenue as the company expands outside its European main markets.
Wines from the 1990 vintage of Burgundy’s Romanee-Conti vineyards led bidding at sales at Bonhams in London and Wally’s Auctions in New York in the past two weeks amid demand for older bottles from the region.
Wine prices for the Bordeaux 2013 vintage are set to be underpinned by declining yields amid pressure from merchants and investment consultants in the U.K. and U.S. for price cuts of 20 percent or more.
Plunging equity prices in Iceland are unlikely to curb interest in tapping the stock market for funds, according to the head of the nation’s exchange, even as capital controls imposed in 2008 risk creating an asset bubble.