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Case
-
Reference no. 9-513-107
Prize winner
Subject category: Marketing
Published by:
Harvard Business Publishing (2015)
Version:
4 January 2016
Revision date:
29-Feb-2016
Length:
23 pages
Data source:
Field research

Abstract

Chateau Margaux, one of only five prestigious estates in the Bordeaux Medoc wine region to have been classified as a 'first-growth', is facing a host of strategic decisions in early 2013. Up until this point the estate had been selling two red wines, a first wine whose retail price often exceeded USD1000 a bottle, and a second wine whose retail price often exceeded USD200 a bottle. Owner Corinne Mentzelopoulos and her management team were now preparing to launch a new third wine made from the estate's production not used to make the first two. They have to decide whether the best go-to-market strategy is to sell the third wine to the local Bordeaux merchants and relinquish commercialization to them or to devise a complete marketing plan for the new wine that includes: target market selection, positioning, quantity to release, pricing, channel structure and brand name. Mentzelopoulos was considering the optimal marketing for the third wine in light of bold moves by other first-growths, such as the purchase of vineyards in the Bordeaux region, global expansion, and deviation from the centuries old tradition of selling wine in the futures market.

Teaching and learning

This item is suitable for postgraduate courses.

Topics

Cause marketing; Food assistance; Global corporate cultures; Management; Social security; Incubators; Cross functional management; Organizational culture; Agricultural cooperatives; Marketing; Distribution; Marketing strategy; Product introduction; New product marketing; Brand management

Setting

The events covered by this item took place in 2013.

Geographical setting

Region:
Europe
Country:
France

Featured company

Company name:
Chateau Margaux
Turnover:
USD 50-500 million
Industry:
Wine industry, Food, Beverages, Apparel accessories, Abrasives

Featured protagonist

  • Corinne Mentzelopoulos (female)

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Awards, prizes & competitions

2019 - The Case Centre Awards - Category winner

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