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Jay-Z Forms Lucrative Champagne Deal With Moet Hennessy

LVMH Acquires 50% Stake in Jay-Z s Champagne Company

Champagne sales estimated to have fallen by $1 2 billion in 2020 due to pandemic

Champagne sales estimated to have fallen by $1.2 billion in 2020 due to pandemic Storyblocks According to producers group CIVC, champagne sales fell as much as $1.2 billion last year due to the coronavirus pandemic. and last updated 2021-01-29 14:00:37-05 Champagne sales took a hit worldwide due in large part to the coronavirus pandemic. According to the Comite Interprofessionnel du Vin de Champagne (CIVC), an organization of persons assigned under the direction of the French government designed to regulate Champagne production, champagne sales estimated to have fallen by $1.2 billion in 2020. That’s an 18% drop in volume. “Faced with an unprecedented crisis, the organization of our sector has proved its resilience. Together, the Champagne winegrowers and houses made a wise decision about yields last year. The adjustment that the Comité Champagne agreed to [on January 25] will give everyone a certain room for maneuvering,” said Maxime Toubart, co-president of

China-EU landmark Geographical Indications Agreement to propel trade of high-quality products to new highs

China-EU landmark Geographical Indications Agreement to propel trade of high-quality products to new highs Xinhua | Updated: 2021-01-11 11:06 Share Anxi Tie Guan Yin (Anxi oolong tea). [Photo/VCG] The start of 2021 is distinguished by the implementation of the landmark China-European Union (EU) bilateral agreement on protecting 100 European Geographical Indications (GIs) in China and 100 Chinese GIs in the EU against usurpation and imitation. According to the agreement, the Chinese GI products protected in the EU include Pixian Dou Ban (Pixian bean paste), Anxi Tie Guan Yin (Anxi oolong tea), Panjin Da Mi (Panjin rice) and Wu Liang Ye (Wuliangye liquor), while the EU list protected in China includes Cava (a wine from Spain), Champagne (a wine from France), Feta (a cheese from Greece), Irish whiskey, Munchener Bier (a beer from Germany).

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