(Decanter) - After weeks of speculation that it was in financial difficulties, the Pressoirs de France group - supplier of cheap Champagne to major UK supermarkets - has gone into receivership having failed to find a new financial backer. In a statement to the French press on Wednesday, owner Nicolas Dubois said the company was ‘without sufficient capital to fund its cash needs’. Dubois, who started his brokering business in 1999, quickly become a large operator predominantly selling cheap Champagne to hypermarkets and supermarkets inside and outside France.