News Formal

Nolte: Champagne Sales Drop 15%, Industry Blames World Malaise

  • 📰 BreitbartNews
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.

Champagne sales dropped this year and French industry executives believe the world is suffering through a malaise with fewer things to celebrate.Business Insider. “Chief financial officer Jean-Jacques Guiony thinks it could come from fewer celebrations for people to pop the bottle.”

“Champagne is quite linked with celebration, happiness, et cetera,” LVMH CFO said on an earnings call. “Maybe the current global situation, be it geopolitical or macroeconomic, does not lead people to cheer up and to open bottles of Champagne. I don’t really know.” “During the first half of this year, Champagne shipments decreased by 15.2% compared to 2023,” the report adds. This drop is “attributed to economic uncertainty and inflation affecting consumer spending, said David Chatillon, chairman of the Champagne Houses lobby.”A waiter serves Champagne in one of the single compartment inside the train Belmond Venice Simplon Orient Express luxury train.

Popping a cork is a group thing. Fewer and fewer people are into group things. Even within groups, everyone’s staring at their phone.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 610. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Champagne sales down worldwide in 2024, industry executives cite lack of 'cheer'One champagne holdings' group CFO claimed a lack of 'cheer' worldwide caused bubbly sales to go flat in the first half of 2024, according to a Tuesday earnings call.
La source: FoxBusiness - 🏆 458. / 53 Lire la suite »

Champagne sales slump due to lack of 'celebration' and joy in the world, industry execs sayDemand for LVMH’s Champagne brands is drying up after surging during the COVID-19 pandemic. The CEO of Moët Hennessy noted that there was a “general sense of revenge pleasure” among consumers after being stuck at home. However, with the effects of COVID-19 fading and rising inflation, Champagne consumption at home has dropped.
La source: nypost - 🏆 91. / 67 Lire la suite »