Champagne Sales Aren’t Bubbling

Consumers are bypassing champagne in favor of cheaper sparkling wine.

Rémy Cointreau, the American subsidiary of France-based luxury wine and spirit company Remy Cointreau, reported a 40 per cent fall in sales of its bubbly brands due to “difficult worldwide trading conditions.”

France’s second-largest spirits group attributed the fall, which mostly effected its Piper-Heidsieck and Charles Heidsieck champagne brands, to a drop in demand within France and also a drop at airports all over the world.