business

Excessive Profits

  Excessive Profits AJ Linn Among the many topics that food lovers frequently discuss is the price of wine in restaurants. Excessive uplifts upset everyone, the winery, the distributor, and the consumer, but the restaurants are the decision-makers, so we have to pay their often-exorbitant prices. Or do we? London is referred to as 'The Rip-off Capital of the Wine World' in a recent The Spectator article. The greediest culprits are named and shamed, notably Hestor Blumenthal's The Fat Duck, and Robert de Niro's Nobu. The Fat Duck's list features wines at 900 euros, many based on a 500% mark-up. Nobu (incidentally just opened in Marbella) is a serial offender in every country it operates, with a similar mark-up. Typically a French Bordeaux costing 88 pounds retail will be listed at 650. There cannot be a winemaker or distributor who has not attempted to pe ›
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