Industry experts predict that up to 100 million bottles of champagne will go unsold this year, resulting in a turnover loss of €1.7bn (£1.53bn). In a statement, the CIVC said: “Champagne ...

The figures indicated that a total of £275,221 has been spent on buying in more than 25,000 bottles of champagne since the coalition took over in May 2010. The money is invested on luxury brands ...