Champagne Market Goes Flat Amidst Economic Trouble In Europe

PARIS — Europeans are finding fewer reasons to pop open a bottle of Champagne as another year of economic troubles and high unemployment saps the region’s appetite for the finer things. But while the latest industry figures show that sales might be on the wane in Europe, other markets, particularly Japan and the United States, are developing a taste for a glass of bubbly.In what is certain to be bad news for the vineyards, France – Champagne’s largest market – is drinking fewer bottles. Sales of Champagne for the country were down 4.9 percent, and 5 percent elsewhere in the 27-country European Union, in the first nine months of 2012 compared with the same period in 2011, according to CIVC, the national association of growers and producers of the wine.Read More…
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Champagne Market Goes Flat Amidst Economic Trouble In Europe


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