“…running out of stock…[Champagne]”—Moët Hennessy CEO Philippe Schaus

As reported this week in The Drinks Business, Moët Hennessy CEO Philippe Schaus said that the luxury giant LVMH (which owns the Champagne brands Moët & Chandon, Krug, Dom Pérignon and Veuve Clicquot), was “running out of stock” of some of its Champagnes. Analysts say the easing of the Covid pandemic has resulted in a surging demand for Champagne. (Time to lay in a few bottles for New Years.)