Champagne sales decline: Have people stopped celebrating?

Champagne sales decline: Have people stopped celebrating?

Champagne sales have fallen to their lowest levels in over two decades, with shipments down nearly 10 per cent globally. Economic uncertainty, political instability, and changing consumer habits have contributed to this slump, as more people opt for cheaper alternatives like prosecco

Bottles of French Moet & Chandon champagne are offered at a supermarket of Swiss retail group Coop in Zumikon, Switzerland, December 13, 2016. File Image/Reuters