Business
Coronavirus sees Champagne producers suffer more than during Great Depression – ABC News
Producers in France’s Champagne region say they’ve lost an estimated 1.7 billion euros in sales for this year and do not see how the market can recover without a vaccine.
Producers in France’s eastern Champagne region, headquarters of the global industry, say they have lost an estimated 1.7 billion euros ($2.8 billion) in sales for this year, as turnover fell by a third a hammering unmatched in living memory and worse than the Great Depression.
Key points:
- Champagne producers say coronavirus presents a greater crisis than the Great Depression
- Pressure on the industry is predicted to last several years as the world waits for a vaccine
- As …
-
Noosa News16 hours agoCommissioner thanks police officer who threw a speed radar at a car
-
Noosa News21 hours agoBrisbane news live: Federal fund for council’s cyclone clean-up dries up
-
Noosa News14 hours agoNo matter what happens in his Origin debut, history beckons for rookie maroon Robert Toia
-
Noosa News23 hours agoDifficult to diagnose and potentially deadly — this lesser-known disease is becoming more common