Despite the crisis, luxury items such as Moët Hennessy champagne are selling very well

By: Trademagazin Date: 2022. 11. 17. 13:26

Recession here or there, the demand for luxury goods continues to grow. A great example of this is the increased interest in Moët Hennessy champagne.

Luxury champagne sell well

“Demand is so high that it is feared stocks are running out”

– said the CEO of the champagne manufacturer Moët Hennessy.

He did not reveal how many of the most expensive champagnes are out of stock, but the statement certainly indicates that the market demand is much higher than expected.

Moët Hennessy also produces Moët & Chandon, Krug and Dom Pérignon brand drinks, the price of which starts at 45 euros per bottle, but the upper limit is the starry sky.

Moët Hennessy is a member of the LVMH group, whose main owner is Bernard Arnoult, the richest businessman in France. LVMH increased its revenue by 19 percent in the third quarter, and it also includes brands such as Christian Dior, Stella McCartney, Bulgari and Tiffany.

“Within the company, the specialists are informally talking about how the situation is beginning to resemble the 1920s, when masses of people went bankrupt during the Great Depression, but in the world of the rich, the consumption of luxury products continued, as if nothing had happened.”

– writes the G7 following the German T-online interview.