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 …
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