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 …
-
General21 hours agoBHP cops $5b value hit on talk of China trade blockade
-
General24 hours agoTotal fire bans in place for large parts of Queensland amid hot, dry conditions
-
Noosa News19 hours agoDally M Awards 2025 live: Best of the NRL and NRLW honoured in Sydney
-
Noosa News20 hours agoWhale calf freed in tense shark net rescue off Kirra Beach as Sea World and fisheries teams battle rough seas