Exclusive: Champagne takes the fizz out of Sainsbury's Millennium profits?
The hangover from the Millennium celebrations is still affecting the champagne business. Giles Fallowfield assesses the impact of the surplus stock still floating around the industry and claims UK retailer Sainsbury's has suffered major losses in its own label champagne brand. The champagne market in the UK continues to be dominated by the surplus stock left over in the trade after the millennium. For although record amounts of champagne were consumed with the total UK off-trade recording a 19.2% increase in sales in 1999, this was a long way short of the 33.05% growth in shipments to Britain which saw imports rise to 32.26m bottles.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 14 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Comment - The Appeal and Perils of Craft
- Review of the Year 2014 - Part IV: Spirits
- Cuba-US Normalisation: Bacardi, Pernod Winners?
- Sustainability in Wine - Part I
- Time is Right for Refresco Gerber Exit
- Belvédère to sell assets, streamline portfolio
- Belvedere vodka tie-up over new James Bond film
- Diageo ups focus on China with Mortlach roll-out
- Diageo rolls out Beckham's Haig Club to US
- Brown-Forman eyeing Scotch, Irish whisk(e)y entry?
- Global vodka insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- The IWSR Forecast Report - 2014-2019 Global Review
- Global Tequila Market 2014-2018
- just-drinks on-trend: Craft beer - fortunes and future