The French Are Drinking Less Champagne After Boom Years
- Number of bottles shipped in France drops to lowest since 1985
- Inflation weighs on household budgets, Comité Champagne says
Bottles of champagne for sale in a wine store in Paris, France.
Photographer: Nathan Laine/BloombergFrance’s Champagne producers shipped fewer bottles of bubbly last year, another sign of softness in the luxury market.
Foreign shipments from the French region dropped 8.2%, the Comité Champagne, which represents the producers, said Monday. Within France, shipments fell to the lowest level in almost four decades excluding 2020, which was skewed by pandemic lockdowns.