Top Luxury Champagne almost sold

Top Luxury Champagne almost sold

High demand – Luxury champagne almost sold out.

The high demand has led to an almost complete sell-out of stocks of luxury champagne.

Manufacturers feel reminded of the “Golden Twenties” and expect further price increases for their products.

Stocks of the fine champagne for the year 2022 have almost been sold out due to a high demand.

This was reported by the Bloomberg news agency, citing luxury goods maker LVMH Moët Hennessy – Louis Vuitton SE. The chief executive of the world’s number one luxury goods company, Philippe Schaus, told the agency on the sidelines of the New Economic Forum in Singapore:

“We are running out of supplies.”

Schaus added that in his company’s internal parlance for the current period, the term “Roaring Twenties” had come to be used in analogy to the 1920s. During this period, known in Germany as the “Roaring Twenties”, the Western industrialised countries experienced an economic boom after the end of the First World War.

However, this period was also marked by growing inequality and came to an abrupt end with the onset of the Great Depression in 1929. 

At least champagne stocks are expected to be replenished by 2023, Schaus assured.

Bloomberg attributed the increased demand to the lifting of COVID restrictions.

After a slump at the beginning of the pandemic, demand for luxury goods had risen immensely.

For example, LVMH Moët Hennessy – Louis Vuitton sales exceeded economists’ estimates. At the same time, Schaus explained that inflation remains a factor of uncertainty and that his company will make some products more expensive due to increased material costs.

Picture: Pixabay – eminens