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FRANCE: Laurent-Perrier suffers sales fall

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Champagne and winemaker Laurent-Perrier became the latest producer to suffer a millennium hangover when it announced a 13% fall in revenues for the year ending 31 March 2001.

Revenues were down to EUR146.9 million ($166.9m) from EUR169.9m ($193m) a year earlier. The company blamed a sharp drop in sales flowing the millennium boom in 2000.

Laurent-Perrier did however say that sales in the final quarter were up 42%. Full results are released on 22 May.


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