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Moet Hennessy Is Running Out of Champagne as Demand Surges

Bloomberg business news
WATCH: Philippe Schau, CEO at Moët Hennessy, discusses the company’s business strategy and outlook for champagne consumption.Source: Bloomberg

Champagne fans are so enthusiastic about exiting Covid restrictions, they’re drinking Moet Hennessy out of supply.

“We are running out of stock,” for some top champagnes, Chief Executive Philippe Schaus said in an interview with Bloomberg Television at the New Economy Forum in Singapore, adding that the current period has been dubbed the “roaring 20s” internally. There’s good news on the horizon too, with the new year set to see supply replenished, he said.