Champagne producers helped by ‘revenge pleasure’ now hurt by ‘a lot of inflation in all countries’
Demand for LVMH’s Champagne brands is moderating this year after the boom that followed Covid-19 lockdowns, according to a top executive at the luxury conglomerate. There was a “general sense of revenge pleasure,” in 2021 and 2022 after consumers were stuck at home, Moët Hennessy Chief Executive…
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