Talking about “markets” and “bubbles” is always a dangerous thing, but when it comes to these bubbles, it can be fun, particularly as it reflects part of our Affordable Luxury thematic . . .
Treated as a barometer of global consumer confidence, Champagne sales are a good indicator of whether shoppers are buying luxury or premium goods, and also whether they feel flush enough to invest in global equities or housing.
. . . After eight years of post-crisis adjustments, it appears “demand for premium goods and services is finally getting back to the pre-crisis ‘normal’ . . . ”