Champagne corks are popping again as the economic recovery gathers pace, with luxury goods group LVMH reporting a rise in sales for brands including Moët & Chandon and Veuve Clicquot.

The group, which also owns Hennessy cognac, yesterday said sales across its wine and spirits arm were up a fifth (20%) over the past three months.

That contributed to a 13% increase in like-for-like sales across the group as a whole to €4.47bn (£3.95bn).

The group said Champagne sales had "benefited from a renewal in orders from distributors" after a period of de-stocking last year.

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