Champagne Sales Are Down!
There’s nothing to celebrate
The closures of bars and restaurants- the fact that people are not allowed to have parties, has caused the champagne industry’s bubbles to go flat.
Cancelled weddings, bar mitzvahs, sporting events are just a few major events that the champagne world relies on…
While other booze sales are up, global champagne sales are expected to fall by a third-that’s equivalent to 100 million bottles for 2020.
Lost revenue could total over $1.9 billion this year.
