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Champagne celebrations turn to prosecco in frugal Britain - report

April 26, 2013 13:15
By Paul Casciato LONDON (Reuters) - More than half of British consumers refuse to spend money unless it is "absolutely necessary" in a weak economy, with prosecco now more likely to mark a special occasion than champagne, according a new consumer trend report released on Friday. Global research firm Mintel's annual "British Lifestyles" report said one day after the country skirted a "triple dip" recession that consumers have made paying their bills and saving for a rainy day their top priorities.

Nigeria's elite make country toast of champagne sellers

Agence France-PresseApril 24, 2013 22:45
The party was just getting started at a plush club in this teeming Nigerian city, hip-hop blaring, the bar bathed in blue light -- and champagne bottles on ice already adorning tables. "Too much oil money," said a 40-year-old man at Rhapsody's in the high-end Victoria Island district of Lagos, when asked about Nigerian spending on champagne. Two bottles of Laurent-Perrier chilled in ice buckets on the table in front of him. His company was picking up the tab, like others here, he said, declining to give his name or say what he did for a living.

Sign of the times as Cristal gets swapped for Cava

February 14, 2013 15:24
Times are tough but everyone still needs a little sparkle in their lives. That's the message from the bubbles industry's latest figures, which indicate champagne sales are going flat while more affordable upstarts like prosecco continue to fizz thanks to a trend towards everyday indulgence. For rap stars and Premier League footballers, it still has to be Cristal. But for many ordinary consumers, even in France, cava will do just as well to get the party started.

Champagne sales lose fizz in 2012

February 12, 2013 13:16
Sales of champagne fell by 4.4 percent in volume terms last year, but increased exports helped compensate for sagging European consumption and kept revenue flat at 4.37 billion euros ($5.86 billion), a trade association said Tuesday. The slide in annual sales to 308.8 million bottles in 2012 was primarily due to the sharp 13.3 percent fall in European sales and a 8.8 percent fall in France in December, the Champagne Wine Professionals Committee (CIVC) said Tuesday.
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