Worried About Inflation? At Least It’s Cheaper to Drown Your SorrowsPosted: December 31, 2009
CNBC reports that alcohol sales and prices are down this year.
Some key points about this past year’s champagne business from the video:
- Sales to the UK fell 33% and sales to the US fell 43%.
- Imports into the US fell to 1998 levels.
In related news, Craig Wolf, President and CEO of the Wine & Spirits Wholesalers of America (WSWA), tells attendees at the first State of the Alcohol Industry conference that the industry is not recession proof.