Champagne demand softens after boom years

PARIS: 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 officer Philippe Schaus said in an interview.