Brexit, yellow vests take fizz out of champagne sales

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Brexit, yellow vests take fizz out of champagne sales
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Brexit and France's 'yellow vest' protest movement pushed the num...

PARIS - Brexit and France’s “yellow vest” protest movement pushed the number of bottles of French champagne sold last year to its lowest since 2004, trade group data showed on Sunday.

“The fall in volume is becoming a bit worrying, with the slowdown in France and Britain not compensated by higher sales outside the European Union,” CIVC co-president Jean-Marie Barillere told Reuters. Total export sales edged up 0.6 percent to nearly 155 million bottles, but total export revenue rose 1.8 percent to 2.9 billion euros as the focus on value of big houses, such as LVMH’s Moët & Chandon and Pernod Ricard’s Mumm, the world’s best-selling champagne, paid off.

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