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Coronavirus sees Champagne producers suffer more than during Great Depression - ABC News
WORLD

Coronavirus sees Champagne producers suffer more than during Great Depression - ABC News

Published: August 1, 2020  |  3 min read, 601 words
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Print contentPrint with images and other mediaPrint text onlyPrintCancelProducers in France's eastern Champagne region, headquarters of the global industry, say they have lost an estimated 1.7 billion euros ($2.8 billion) in sales for this year, as turnover fell by a third — a hammering unmatched in living memory and worse than the Great Depression.They expect about 100 million bottles to be languishing unsold in their cellars by the end of the year.For months, lockdown put the cork on weddings, dining out, parties and international travel — all key sales components for the French luxury... READ MORE
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