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Wine prices spark consumer revolt amid worldwide slump
London reports a consumer backlash against soaring wine costs as demand falls across the market. Champagne sales drop by a third or more, while high priced bottles sit unsold. Christie’s London auction reveals buyers tightening budgets and shifting to lower priced wines. US shipments reflect broad declines in French, German, and Italian wines, signaling sustained pressure on pricey labels.
MENTIONED IN THIS ARTICLE
London
Christie's
Bass Charrington
Vintners
Britain
Chateau Mouton-Rothschild
Poly
United States
America
Portugal
Italy
Spain
U.S
France