Champagne Bubble Is Bursting

So, how bad is the economy? The latest indicator may be the plummeting sales of Champagne.

While Champagne shipments increased by an average of 2.2% per year for the past two decades (and America’s consumption rose by 3.5% annually for the past five years), they are now plunging, down 10% from one year ago. One of the worst to be hit is Laurent Perrier, whose sales were 30% lower in the third quarter of 2008 than in the same period last year.

 
Posted by Josh Friedland on Dec 16, 2008 in Drink, Featured, Gastronomics, What's Fresh | Link | | Print this page | Share This
 


 

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