Market Report, "Champagne: Less Than Bubbly", Published
Champagne's direct correlation to economic dynamics has historically proven to be a double-edged sword. The category mirrors the state of economies and, at the same time, its narrow focus on Western markets increases downside risks in the case of a crisis. As dark clouds of fresh financial turmoil are gathering, will champagne's sparkle shield the category from a perfect storm of extreme discounting, other sparkling wine's cannibalising advance and Western Europe's conservative traditionalism?
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