Champagne in China Seen Failing to Match Cognac Cachet

Champagne in China Seen Failing to Match Cognac Cachet

Chris Ratcliffe/Bloomberg

Bottles of Perrier Jouet, left, and Dom Perignon champagne are seen at an All Bar One bar in London. Champagne is an expensive passion in China, with bottles selling for three times what they command in Europe due to import fees and hefty markups at bars, according to Mintel.