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 15 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
- Are we about to see a no-alcohol Heineken?
- American whiskey does a vodka - Analysis
- A-B InBev's Global Presence - just The Facts
- Concha y Toro's H1 performance - Focus
- Battle continues for Pernod Ricard in US and China
- Craft more about stories than M&A for Diageo
- Diageo readies "not quite as sincere" Scotch
- The Glenlivet leapfrogs Glenfiddich
- Heineken integrates cider and beer
- “New normal” sees Pernod target premium in China
- Future growth opportunities for global spirits
- Global gin insights - market data, product innovation and consumer trends research
- Pernod Ricard SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report
- Global rum insights - market forecasts, product innovation and consumer trends research
- Global Vodka Market 2015-2019