Jay-Z is teaming up with the biggest luxury group. Jay-Z bought the “Ace of Spades” luxury champagne brand in 2014. Moët Hennessy, the world leader in luxury wines and spirits announced a partnership with Shawn JAY-Z Carter through the acquisition of a 50% stake in Armand de Brignac prestige champagne brand. With its striking … Read more
Prosecco and cava popularity still bubbling up as austerity leaves buyers unwilling to splash out on luxury French product
As sales slide thanks to Brexit uncertainty and inflation, the French industry is turning to even more exclusive vintages
2012 wine sales in U.S. reached a new record of 360.1 million 9-liter cases with an estimated retail value of $34.6 billion,” according to wine industry consultant Jon Fredrikson of Gomberg, Fredrikson & Associates in Woodside. Of the total, almost two-thirds or 207.7 million cases of California wine account for a 58% share of U.S. wine … Read more
Champagne sales increased significantly in volume in 2011, with emerging markets like Russia and China fuelling growth. In anticipation of rising global demand for Champagne, Moet & Chandon is undertaking a major expansion of its production facilities, reports decanter. The company has been focusing on the construction of a new winery at its existing press … Read more
After a serious hit in 2008 and 2009, the French champagne industry is preparing for a good season. The first signs of a bumper year came this past summer. The CIVC, which sets the criteria for the harvest, authorized the maximum volume of grape picking—a sign of optimism for the medium term as grapes picked … Read more