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.
Festive fizz falls flat as beer and cider deals surge (12 December 2009)
Diageo ponders bid for iconic champagne brands (22 April 2009)