Blog Posts tagged with: caviar
There will be little celebration for champagne makers this year.
After last year’s strong 4% sales gain, the biggest since the buying frenzy in 1999 to ring in the new millennium, champagne makers are feeling the impact of the sour economy from $5 sparkling wines to $100 bottles of champagne.
“I don’t have a bright outlook for champagne this year,” says Frank Walters, research director for Impact, which expects the category to be down 1% to 4%, from about 900 million glasses sold in 2007.
“Luxury items are getting hurt, people are looking …
